Rapid Fire 2011-07-05: CBO on 2012 FYDP
- The US Congressional Budget Office warns that the DoD’s budget plans are too optimistic. The Long Term Implications of the 2012 Future Years Defense Program [PDF] expects DoD annual costs to be $25 billion higher by 2016.
- Russia hopes to sell $11 billion worth of defense exports in 2011. Combat aircraft for China, India and other emerging defense markets are expected to provide the majority of sales.
- Meanwhile, several senior officers have resigned from the Russian military over the Head of the General Staff’s plans for reform.