DOD Budget Would See $113B In Procurement Spending

Law360, New York (February 14, 2011, 8:28 PM EST) -- President Barack Obama’s proposed 2012 U.S. Department of Defense budget shows drops or only nominal rises in the major budget categories that yield government contracts, but several individual budget components are likely to yield pricey new contracts nonetheless.

Obama’s budget projects about $113 billion in DOD procurement spending during the 2012 fiscal year compared with about $105 billion in 2010, according to a White House spending breakdown released Monday.

Military construction spending is slated to drop about $7 billion, from roughly $21 billion in 2010 to...
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