Analysts see "precipitous fall" in store for defense procurement

11/12/2009 | Defense News

With the Pentagon's personnel and maintenance costs growing, analysts say military procurement will likely see cuts as budgeters come to grips with a ballooning federal deficit. "There's a storm gathering" over the Pentagon's budget, says Michael Bayer, chairman of the Defense Business Board, pointing out that procurement spending has suffered "a precipitous fall" in the trough of the last three spending cycles dating back to the Korean War.

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