Monica Pitrell
Defense spending has been the talk of Singapore’s Airshow this week but that’s not an accurate way to measure military strength, Palmer Luckey, founder of defense tech firm Anduril Industries, said on CNBC’s “Squawk Box Asia” Wednesday.
That comes after U.S. President Donald Trump in January expressed interest in raising the U.S military budget to $1.5 trillion in 2027, which he said would allow Washington to build a “Dream Military.” “Too many people measure the success of the defense base in terms of dollars,” Luckey said.
Rather, military strength should be measured by output, or what countries actually receive from their spending, he said. This is part of the reason why American defense companies aren’t incentivized to produce military products that cost less, Luckey added.
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