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DoD Plan Details Procurement Boost, Research Decrease In Coming Years

Tuesday, March 20th, 2012

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The Pentagon released more details on its five-year spending plans yesterday, which show a boost in weapons purchases of $24 billion and decrease in research funding by $3.6 billion. The so-called Green Book, formally named the National Defense Budget Estimates for FY 2013, is based on President Barack Obama’s fiscal year 2013 budget proposal before Congress, which seeks $525.4 billion in discretionary budget authority, or $620.3 billion with mandatory and war spending included. The Green Book “shouldn’t change investor views…

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