Inflation hits US Army modernisation plans
Procurement of Patriot MSE missiles will decrease in FY 2024. (Photo: US Army)
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
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