The Weapons the US Military Spends Billions On

A large share of the massive United States defense budget of more than $750 billion — by far the largest in the world — goes to weaponry. This spending covers not just guns and artillery, but large, complex systems that give the military the ability to strike from sea, air, land, and even space. These systems are costly to create: Many planes, submarines, and missile systems cost hundreds of millions, if not billions, of dollars to build.

To determine America’s most expensive weapons, 24/7 Wall St. reviewed the U.S. Department of Defense Fiscal Year 2023 Budget Request. Only items that were procured in fiscal year 2021 were considered. (One exception is the  B-21 Raider under development by Northrop Grumman, which has cost $2.74 billion thus far but hasn’t yet been procured and isn’t expected to go into service until 2026 at the earliest.) Costs were determined to be the total amount spent per vehicle, weapon, or system procured.

The most expensive single item in the military’s budget for 2021 is the SSBN 826 Columbia Class Ballistic Missile Submarine. Built by General Dynamics, the submarine is designed to provide “a sea-based strategic nuclear force” that can launch Trident II ballistic missiles. Between research and development and procurement, a single one of these subs cost over $4.5 billion. It will be one of a dozen such vessels procured to replace older submarines in the U.S. fleet.

Because only a single example of the sub was procured in fiscal 2021, however, it isn’t the item the U.S. military spends the most money on – it’s only in third place. The largest expenditure of all was $12.74 billion spent to procure 96 F-35 Joint Strike Fighters, followed by $7.16 billion for two SSN 774 Virginia Class submarines.

Click here to see what the U.S. military spends the most money on

Each weapon, system, and vehicle on this list was developed and constructed by contractors. These companies make billions of dollars each year designing and fabricating advanced technologies for the military. Many sell primarily to the U.S. military, but often to many others around the world as well. These are the companies profiting the most from war.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Source: Read Full Article