Michael Bruno writes CSBA defense analyst Todd Harrison said Thursday that the military’s authorized procurement would fall to $62 billion on an annual basis based on analysis of historical trends and across-the-board cuts mandated by the Budget Control Act.
âFor the first time in modern history, [the Pentagon] would be spending more on developing new technologies and systems than procuring equipment,â Harrison writes in a report obtained by Aviation Week.
He added the U.S. defense industrial base could follow an arsenal model, where an quasi-state organization provides niche services such as shipbuilding or tactical fighter production.