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Procurement, Modernization Will Cover Most Of Expected Defense Budget Shortfall In FY2017

Monday, February 1st, 2016

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Procurement, Modernization Will Cover Most Of Expected Defense Budget Shortfall In FY2017

Norway's first F-35A, called AM-1, is in production at the Lockheed Martin Fort Worth, Texas assembly plant. Photo: Lockheed Martin.

The Pentagon after releasing its fiscal year 2017 budget on Feb. 9 will find itself needing to come up with $22 billion to cover the difference between its request and the projection laid out for 2017 in the current fiscal year’s budget.Early estimates put the fiscal 2017 request at around $524 billion, which is almost in line with the Budget Control Act (BCA) funding caps placed on the government by a deal that limited discretionary spending but saved the Defense…

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