Senior Pentagon Official Tells Wall Street Military Has 'Plenty of Investment Dollars'

By Jason Sherman / December 8, 2005 at 5:00 AM
NEW YORK -- A senior Pentagon official overseeing the Quadrennial Defense Review told investment bankers and defense industry representatives here that the Defense Department has "plenty" of money to invest in new capabilities, stressing that the U.S. military is enjoying a budget that has grown 40 percent over the last four years. Principal Deputy Under Secretary of Defense for Policy Ryan Henry's remarks to a CSFB- Aviation Week conference come as the Pentagon is wrestling to apportion $32 billion in...

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