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DoD Official Foresees ‘Gradual Drawdown’ In Weapons Purchasing

DDN

Friday, June 11th, 2010

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By Marina Malenic Pentagon spending on research, development and production of new weapons will likely see a gradual drawdown rather than a steep drop in the coming years, a top official said yesterday. "We're going to see possibly some gradual drawdown in the investment accounts," said Frank Kendall, principal deputy undersecretary of defense for acquisition, technology and logistics. "For the near term, I do not see a dramatic change." The Defense Department is working hard to reduce waste to live…

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