FY20 Budget Overview, Part 2: Navy Programs
The Pentagon has laid out a $205.6 billion budget for the Navy in FY20, an increase of around 5.1 percent compared to the FY19 enacted level of $195.6 billion. Mirroring …
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FY20 Budget Leaves Future Topline Growth Largely Unchanged, but Modifies Acquisition Spending Plans
The Pentagon requested $718.3 billion in discretionary funding in FY20, which is 4.9 percent above the FY19 enacted level, or around 2.8 percent real growth after inflation. The White House …
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DoD Planning Major OCO Boost to Sidestep FY20 Budget Caps
The Pentagon will reportedly seek a massive increase in its FY20 war coffer in an effort to sidestep federal spending limits, a move that could push war funding to near …
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U.S. Releases Artificial Intelligence Strategy
The Pentagon released a summary of its first artificial intelligence strategy on February 12. “Key tenets of the strategy are accelerating the delivery and adoption of AI; establishing a common …
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U.S. Defense Budget Request Expected in Mid-March
The FY20 defense budget request, originally scheduled for release this week, was pushed back because of the temporary government shutdown. Reports now indicate the request has been delayed by more …
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U.S. Defense Budget Request Delayed
As a result of the U.S. government shutdown, the U.S. defense budget will not be released next week as planned. Despite the fact that the 2019 defense budget was passed …
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Pentagon Audit Uncovers Cybersecurity Issues
The U.S Department of Defense recently completed its first audit, which covered some $2.7 trillion in assets. By law, all government agencies are required to undergo audits, but the DoD …
Read More Pentagon Hopes to Accelerate Upcoming F-35 Procurement Deals
The U.S. Department of Defense hopes to shorten the time it takes to negotiate pricing on future orders of the F-35 Joint Strike Fighter. Ellen Lord, Under Secretary of Defense …
Read MorePentagon Faces Yet Another Continuing Resolution
by Shaun McDougall, Military Markets Analyst, Forecast International. President Trump and congressional leaders reached an agreement that will keep the U.S. government operating at FY17 funding levels through mid-December. The continuing resolution …
Read MoreForecast International Launches Improved U.S. Defense Budget Database
by Shaun McDougall, Military Markets Analyst, Forecast International. Forecast International is pleased to announce the launch of a newly enhanced U.S. Defense Budget Forecast database, now featuring the ability to track major …
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