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Immediate Release

Deputy Secretary of Defense Dr. Kathleen Hicks and Senior Defense Officials Discuss DoD’s Fiscal Year 2023 Budget Request and the National Defense Strategy With Defense Industry Executives

Attributable to Pentagon Spokesman Eric Pahon:

Deputy Secretary of Defense Dr. Kathleen Hicks, Under Secretary of Defense (Comptroller) and Chief Financial Officer Michael McCord, and Performing the Duties of Assistant Secretary of Defense for Industrial Base Policy Deborah Rosenblum spoke with business leaders yesterday about the Department’s Fiscal Year 2023 budget request during an industry round table at the National Defense University in Washington, D.C. 

The event was hosted by Business Executives for National Security, and included more than 130 defense industrial base executives from large and small businesses.  

Deputy Secretary Hicks provided opening comments, followed by a question-and-answer session.  During her opening comments, Dr. Hicks said the Department would meet the challenges of a complex security environment by pursuing three approaches: Integrated deterrence, campaigning, and building enduring advantages.  

She also said that President Biden's Fiscal Year 2023 defense budget request of $773 billion, a roughly 8.1% increase over the Department’s Fiscal Year 2022 request, makes the investments necessary to implement National Defense Strategy.

Deputy Secretary Hicks added there are three areas of focus particularly relevant to businesses and the private sector.  The first is investment in procurement, research, and development, which totals $276 billion dollars – the largest in history.  Second, secure and resilient supply chains, which are vital to not only our economic well-being, but also our national security. And third, cyber security, which is foundational to a successful relationship between the public and private sector.

During the question and answer period, the three senior defense officials discussed strategy-to-resource links between the 2022 National Defense Strategy and the Department of Defense's FY23 budget request. 

The discussion also focused on industry's role in building supply chain resilience, creating the workforce of the future, contested logistics, and key emerging technologies.