R&D to reach $45 billion by '09

The Defense Department's push to transform the military by providing them with interoperable, digital systems will continue to offer business opportunities to firms focused on the agency's research, development, test and evaluation market, according to a new analysis.

The defense research and development market is expected to grow from $38.4 billion in 2002 to $45 billion by 2009, according to Frost & Sullivan, an international consulting firm in Palo Alto, Calif.

The Defense Department increased the research and development budget by $5 billion for 2004, the largest increase since 1962, to transform the armed services into "capability focused units" rather than organizing them strictly by service type or weapons platform, Frost & Sullivan said.

 

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
 Top 100 Slideshow
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts