The defense budget continues to grow but at this point, most of the growth is completely dependent on the war-related funding not yet included in the numbers.
Quotes about war-related (6 Quotes)
Online travel sales fared even better this year. The sector was up 35 percent versus 2002 and has more than more than doubled since 2001. Non-travel sales recovered impressively from war-related softness early in the year, with 2003 posting a healthy 22 percent total increase over 2002.
There was another war-related casualty today. The French were injured when they tried to jump on our bandwagon.
Anything that reduces war-related destruction should not be considered altogether immoral.
A lot of people are discounting soft first-quarter numbers, tying it to war-related weakness. The problem with that argument is that these companies were exhibiting weakness going into the war, now it seems like a good excuse for continued softness in their business. Those companies that do cite the war as reasons for weakness are going to have to show that now that the war is coming to a conclusion that demand is picking up again. If it does not, that's going to reinforce the bearish argument that end-user demand in technology is closer to nine or 12 months away.
This covers the cost of US forces, which is the major portion of the supplemental, with pay and benefits for reservists, war-related benefits, fuel, spare parts and logistics.