31 Mar '14, 11am

Weapons Spending Inches Upward via @defense_news

Weapons Spending Inches Upward via @defense_news

WASHINGTON — The Pentagon’s five-year projections for procurement spending on its 63 major weapons programs, submitted to Congress this month, has turned more positive than last year’s spending forecast, according to an analysis of the US Defense Department’s 63 top weapons programs compiled by analytical firm VisualDoD. The data in charts: Procurement by RDTE Spending by percent Changes in dollars DoD’s 63 major weapons programs The 2014 outlook for these efforts showed an overall 0.6 percent decline across the Future Years Defense Program (FYDP). The 2015 FYDP projects a slight growth of 2.5 percent. Despite the slightly more rosy forecast, there is one issue that could throw a wrench into Pentagon procurement plans. DoD’s overall five-year spending outlook is $115 billion above federal spending caps, meaning it would need to be heavily modified or cut if sequestration r...

Full article: http://www.defensenews.com/interactive/article/20140330/D...

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