United States Defense Budget Cuts Threaten "New Start" Ground Combat Vehicles, Finds Frost & Sullivan

United States Defense Budget Cuts Threaten "New Start" Ground Combat Vehicles, Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Oct. 3, 2012 - Upgrades and re-manufactured platforms favored over completely new systems MOUNTAIN VIEW, California, Oct. 3, 2012 /PRNewswire/ -- The Budget Control Act (BCA) of 2011 could force the Department of Defense (DoD) to cut approximately $1 trillion in spending over the next 10 years, as well as significantly reduce military expenditures for new weapons systems. This is expected to drive the development of cost-effective, modern, multi-purpose ground combat vehicles (GCV) that can be deployed in urban, rural and coastal terrain. New analysis from Frost & Sullivan (http://www.defense.frost.com), Analysis of the DoD Ground Combat Vehicle Market, finds that the GCV market generated revenues of over $3.67 billion in 2011 and estimates that revenues will decrease to $3.19 billion by 2017. The DoD has earmarked a budget of $2.61 billion for GCVs, with the Army accounting for $2.18 billion of the total purse. 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.