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Budget

DoD Boosts Munitions Focus In $842 Billion FY ‘24 Budget, Sees Future $1 Trillion Request As ‘Inevitable’

By Matthew Beinart

Monday, March 13th, 2023

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DoD Boosts Munitions Focus In $842 Billion FY ‘24 Budget, Sees Future $1 Trillion Request As ‘Inevitable’

Pentagon Comptroller Mike McCord. (DoD photo by Lisa Ferdinando)

The Pentagon’s $842 billion budget request for fiscal year 2024 includes a 12 percent increase in spending on munitions, with department officials detailing a priority for “maxing out” production capacity of key weapons. Senior officials detailed the budget plan on Monday, which features the largest ever investments in procurement and research and development, as the department prepares for competition with China and continues on a spending path to potentially request $1 trillion in the coming years. “The FY 2024 budget…

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