What's Ahead in Aerospace: Growth of Pentagon's modernization budget likely to drop by mid decade
DROP IN GROWTH: The growth of the Defense Department's modernization budget is likely to drop from the 15-16 percent range in fiscal 2003 to about 5 percent by FY '04-'06, according to a report from Merrill Lynch. "We are not enthusiastic supporters of the long-cycle defense spending thesis," senior...
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