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Not Much Joy in the Long View

January 25, 2006—According to the latest Congressional Budget Office defense spending estimate, the Air Force investment for development and procurement of weapons systems reflects a short rise through 2008 for the purchase of the F-22A, with another slow increase during production of the F-35. CBO admits to uncertainty on procurement of other aircraft—bomber and tanker replacements—so projects a fairly stable investment through 2024. Note, though, the downslope for RDT&E. This view of USAF spending, of course, likely will change with the release of the 2007 budget and the Quadrennial Defense Review.

Source: Congressional Budget Office, “The Long Term Implications of Current Defense Plans and Alternatives: Detailed Update for Fiscal Year 2006.”