House and Senate conference membersÂ have reached a compromise on a bill that would authorize $716 billion in defense budget for fiscal 2019, Stars and Stripes reported Monday.
The negotiated deal on the fiscal 2019 National Defense Authorization Act would support the proposed pay increase of 2.6 percent for service personnel, troop increases and procurements of aircraft, weapons systems, submarines and ships.
The House started debates on the NDAA conference report Monday and is expected to vote on the deal as soon as this week.
House and Senate Armed Services CommitteeÂ members said in a statement published Monday the FY 2019 NDAA will help build up military readiness, introduce reforms to the Defense Department and support the National Defense Strategyâs implementation.
The fiscal 2019 NDAA would allocate $639 billion in fiscal 2019 base budget, $69 billion in funds for overseas contingency operations, $21.8 billion for military equipment maintenance and $2.8 billion for the purchase of spare aircraft parts across the services, according to the conference report.
Conferees also agreed to increase the authority of the Committee on Foreign Investment in the U.S. over overseas investments; authorize the procurement of additional F-35 fighter jets; support the development of a lower-yield ballistic missile to boost deterrence; and prohibit agencies from usingÂ ZTE-Â and Huawei-built tech platforms.