Easy access to all the Government news updates

Subscribe and receive personalized news articles straight in your inbox

*By clicking "Join us now" you agree to receive emails, promotions and general messages from ExecutiveGov. In addition, you also agree to ExecutiveGov's Privacy Policy and Terms & Conditions.

x

Ryan McCarthy: Army to Shift $10B for Modernization Priorities

1 min read
Jeff Brody
Ryan McCarthy

Army Undersecretary Ryan McCarthy said the service will reprogram $10 billion to fund other modernization priorities in its program objective memorandum for fiscal year 2021 through FY 2025, Defense News reported Friday. The service will free up funds through another round of a review process called “night court.” The Army announced that it used the process to shift up to $30 billion in funds toward other modernization initiatives in February.

“We are about to slap the table on the [program objective memorandum] here by no later than the middle of June,” McCarthy told reporters Wednesday during a media roundtable. “Every dollar counts in this environment,” McCarthy said. “And so what we’ve done is we’ve realized that it’s not a sustainable model to have the entire Army leadership hunkered down every summer, but should delegate to the appropriate echelon of authority."

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about Technology