Defense Technology to Grow Despite Pentagon Budget Cuts
January 5, 2012
As the Defense Department slashes its budget by at least $487 billion in 10 years, technology investment is one of the few areas that will continue to grow, according to a new military strategy that President Obama and Pentagon officials released Thursday.
The increased spending will focus on cyberspace, intelligence systems, space and science research, according to the review.
President Obama told a Pentagon press briefing that Defense has to develop "smart, strategic priorities." Specifically, he called for enhanced intelligence, surveillance and reconnaissance systems.