DOD's modernization investments cut in FY-25 budget request

By Tony Bertuca / March 11, 2024 at 2:00 PM
The Pentagon, which had to absorb a $10 billion cut to its previously projected topline thanks to a two-year congressional budget deal, is cutting its requested modernization investment for fiscal year 2025 -- which includes its procurement and research and development accounts -- by $4.3 billion below what it sought in FY-24. For FY-25, the Pentagon is requesting $167.5 billion for procurement and $143.2 billion for research, development, test and evaluation for a total modernization investment of $310.7 billion that...

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