Frost & Sullivan: Department of Defense Spending Focused on Incremental Upgrades to Time-Tested Technologies

Frost & Sullivan: Department of Defense Spending Focused on Incremental Upgrades to Time-Tested Technologies PR Newswire MOUNTAIN VIEW, California, Aug. 1, 2012 - Shrinking budgets bring equipment upgrades and replacements into the spotlight MOUNTAIN VIEW, California, Aug. 1, 2012 /PRNewswire/ -- Continuing economic challenges will necessitate cuts in the defense budget till 2017. While there will be reductions in the number of personnel in every military segment, ground forces will experience the most structural changes. Fewer numbers of units denotes lower requirements for equipment, but this reduction is offset by the higher demand for the modernization of existing weapons. New analysis from Frost & Sullivan (http://www.defense.frost.com), DoD 2013 Budget, finds that the 2013 DoD budget request was for $613.93 billion, which includes $525.43 billion in base funds and $88.50 billion in overseas contingency operations (OCO) funds. DoD spending accounts for approximately 4.7 percent of the gross domestic product (GDP). If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. The DoD will have to focus on upgrades.