Inflation hits US Army modernisation plans
Procurement of Patriot MSE missiles will decrease in FY 2024. (Photo: US Army)
As the increase in the branch’s budget proposal did not cover the inflation rates, the army is losing its spending power, impacting its acquisition and development programmes.
The US Army has requested $185.5 billion to fund its activities over FY 2024. While a substantial figure, it may not be enough to support the service's modernisation plans.
The budget proposal is $8 billion higher than the branch's FY 2023 request ($177.5 billion), representing a 4.5% increase. However, the army's spending power has been hit by a 6% inflation rate.
This loss in spending power is impacting the army's acquisition and development efforts.
The service plans to acquire fewer UH-60M Black Hawks, 24 units, and fewer Patriot MSE Missiles, 230 units, in FY 2024 than it requested for the
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![Can Iranian air defence systems compete for exports?]()
Can Iranian air defence systems compete for exports?
Iran’s defence industry is now producing a range of surface-to-air missile systems and has begun to market them internationally. Using what appears to be a mixture of original and reverse-engineered elements, how do they stack up compared to other countries’ offerings?
-
![Land forces review: howitzers in the spotlight and Germany spends big to close the year]()
Land forces review: howitzers in the spotlight and Germany spends big to close the year
December saw several milestones on the howitzer front with billions of dollars worth of orders placed and Germany committing to more 6×6 and 4×4 vehicles. Taiwan was also approved for equipment orders worth $11 billion even as the year came to an end with China encircling the country as part of an exercise.
-
![Supply of new self-propelled guns is rising to meet looming demand]()
Supply of new self-propelled guns is rising to meet looming demand
As the need for self-propelled artillery continues to climb across Europe and NATO-allied nations, orders for existing capabilities continue to roll in while new and improved weapons are on the way.
