Tuesday, March 29, 2022

2023 Defense Budget: $130 Billion research in advanced tech, cyber, space and AI. (Cool stuff!)

There are a lot things of interests in our DOD 2023 Defense Budget. You can read more about it within the press release at The Department of Defense Releases the President's Fiscal Year 2023 Defense Budget. As a quick breakdown you will see some interesting changes in direction occur:

$56.5 billion for air power platforms and systems

$40.8 billion for sea power, to include nine more battle force ships,

$12.6 billion to modernize Army and Marine Corps fighting vehicles. 

$130.1 billion for research and development readiness in advanced technology, cyber, space and artificial intelligence.

There is more so you will want to read through it. Let me say that creating an advanced military with advanced technologies often means supporting next generation technologies. That technology can come from industry-government-university partnerships or it can come from internal research. 

Technology and innovation is increasingly important to the competitive playing field of any nation. Advancing nations are measured in many ways by their technology development (i.e. patents). Increased investment in advanced technologies such as cyber, space, and artificial intelligence are part of a broader societal shift.

As with all big budgets it is important to ensure that money is being spent wisely. The better we do at spending it frugally the further our tax payer dollars go. Budgets should seek to achieve goals, maximize resources strengthen the entire organization. They will need to continuously cut fat and stretch dollars as much as reasonably possible. 

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