Thursday, April 25, 2024
Thursday, April 25, 2024
This Monday INSIDER Daily Digest has some preliminary defense budget numbers for fiscal year 2020.
The White House has released a summary of its fiscal year 2020 budget request. Here's some of the defense-related news from it:
Pentagon will make it easy for lawmakers to deflate massive OCO budget
The Pentagon may be submitting a fiscal year 2020 budget requesting $545 billion in base spending and a controversial $164 billion Overseas Contingency Operations account, but government sources said lawmakers will be able to easily move back $98 billion in OCO funds that actually belong in the base budget.
OMB budget summary confirms 110 new fighters in DOD's FY-20 request
The Defense Department will request funding for 110 new fighter aircraft in the fiscal year 2020 budget request, according to the White House, quantities that appear to align with reports that the Pentagon will seek to reduce F-35 procurement and buy eight new F-15X aircraft.
Army to seek funding in FY-20 to launch humvee recap program
The Army's fiscal year 2020 budget request will include $7.5 million in research and development funding to launch a new program that aims to modernize the balance of the service's humvee fleet -- about 50,000 vehicles -- that will not be replaced by the Joint Light Tactical Vehicle.
(Stay tuned to Inside Defense this week for comprehensive coverage of the Pentagon's FY-20 budget request.)
In case you missed it late last week, here's some news on DARPA:
DARPA 'emphasizing execution,' using other transactions in pursuit of $2B AI Next advances
The Defense Advanced Research Projects Agency is seeking to quickly pursue advances in artificial intelligence through 90-day competitions for other transaction agreements as part of its $2 billion AI Next campaign.
Also, Inside Defense recently chatted with the head of LMI:
Zolet: LMI Ventures will look to early-stage companies to find relevant technology
LMI Ventures, the new venture capital fund created by LMI, will focus on key technology areas that could benefit the company's customers and seek to make small bets in early-stage companies, according to LMI's chief executive.