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The Long-Term Implications of Current Defense Plans: Detailed Update for Fiscal Year 2005
September 2004		 PDF
Figure 3-3 Updated.
Past and Projected Army Spending for Investment
(Billions of 2005 Dollars of Total Obligational Authority)

Graph
 
 
  • This chart updates Figure 3-3 of CBO's February 2004 Web document. It depicts the Army's past overall level of investment and future investment plans.


  • On the basis of those plans, CBO projects that the Army's investment spending would exceed its previous (1985) peak of $34 billion in 2012, reach a new peak of $42 billion in 2014, and then decline to about $33 billion by 2022.


  • CBO's projection of the Army's annual investment spending from 2010 to 2022 averages about $38 billion. Investment levels remain about the same as in the February 2004 projection despite changes in the Army's plans, including:


    • Cancellation of the Comanche helicopter program and reinvestment of the released funds in other Army aircraft programs, and


    • A one-year delay in the start of procurement of the Future Combat System (FCS), which will replace current ground combat vehicles.
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