Wisconsin stands to gain from military spending hike

Wisconsin companies that supply the U.S. military with everything from boots to combat ships are well-positioned for increased defense spending.

Each of the military services have delivered to Congress plans for increasing the 2017 defense budget by more than $30 billion to acquire armored vehicles, aircraft, ships and more.

“A fiscal-year 2017 Department of Defense budget amendment is expected to be sent to the Office of Management and Budget in the coming days, requesting at least an incremental $20 billion,” a report from Milwaukee-based Robert W. Baird & Co. Inc. said Tuesday.

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