Congress readies $300B modernization account for DOD

By Tony Bertuca / December 20, 2022 at 1:00 PM
House and Senate appropriators have drafted a final fiscal year 2023 omnibus spending bill that would increase Pentagon procurement by more than $17 billion above what lawmakers enacted in FY-22, while research and development would be boosted by more than $20 billion. The procurement funds, when combined with research, development, test and evaluation spending, are often referred to as the Defense Department’s “modernization account.” The draft FY-23 appropriations bill, which must still be passed by the House and Senate and...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.