Bloomberg News

House Passes $640.7 Billion Defense Bill Adding to Subs, Tanks

December 20, 2012

Pentagon

The Pentagon is seen past the National 9/11 Memorial in Arlington, Virginia. Photographer: Andrew Harrer/Bloomberg

The U.S. House approved legislation authorizing Defense Department programs and spending for the current fiscal year, including more money than the Obama administration sought for weapons built by Huntington Ingalls Industries Inc. (HII:US) and General Dynamics Corp. (GD:US)

The measure calls for $640.7 billion for the Pentagon and related defense programs at agencies such as the Energy Department for the year that began Oct. 1. The House voted 315-107 today for the compromise bill crafted by a House-Senate conference committee, sending it to the Senate to be cleared.

To contact the reporter on this story: Chris Strohm in Washington at cstrohm1@bloomberg.net

To contact the editor responsible for this story: Michael Shepard at mshepard7@bloomberg.net


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Companies Mentioned

  • HII
    (Huntington Ingalls Industries Inc)
    • $93.17 USD
    • -1.17
    • -1.26%
  • GD
    (General Dynamics Corp)
    • $121.3 USD
    • 0.43
    • 0.35%
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