DOD's $527B Budget Leaves Major Weapons Programs Intact

Law360, New York (April 10, 2013, 9:08 PM EDT) -- The U.S. Department of Defense's $526.6 billion budget proposal for 2014, released Wednesday, leaves major acquisitions programs mostly intact and would replace sequestration with a mix of new revenues and targeted spending cuts that would reduce the chaos in the DOD contracting process.

Under President Barack Obama's budget plan, replacing sequestration would allow the DOD to escape a cut of roughly $500 billion over the next decade, instead giving the department a $120 billion haircut. While the budget proposal shuffles some major acquisitions around, most of...
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