New Defense Acquisitions to Fall Over 10% By 2020?
A new report by the international consulting and research firm Deloitte predicts that the Department of Defense is likely to decrease its overall budget for the procurement and research of new weapons systems over the course of the next decade. Analysts warn that such a decrease would hinder the innovation and technological breakthroughs that have “been the hallmark of the [Defense] industry.” Deloitte bases its analysis on general budgetary trends, as well as a recent Congressional Research Service (CRS) report. CRS projects that with the anticipated lack of significant growth in the Defense budget, other pressing budget needs would force the Department to decrease its acquisition account by over 10% over the next ten years, from 35% to 24% of the total budget.
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