Friday, February 17, 2023

U.S. Military Space Budget Likely To Get A Huge Boost In 2024

A SpaceX Falcon 9 rocket launched a GPS satellite from Cape Canaveral Space Force Station, Fla., June 17, 2021. Credit: U.S. Space Force  

Space News: Analyst: U.S. military space budget likely to get another boost in 2024 

Congress has supported significant spending increases due to concerns about Russian and Chinese anti-satellite weapons  

WASHINGTON — The Biden administration in its budget proposal for fiscal year 2024 is likely to seek a significant increase for the U.S. Space Force, the National Security Space Association’s head of legislative affairs Mike Tierney said Feb. 16. 

The White House is expected to release the president’s federal budget proposal for fiscal year 2024 on March 9. 

Tierney during an online forum said he has not seen any actual numbers but “things are starting to trickle out in the rumor mill.” 

“What we’re hearing is another substantial increase for the Space Force in the ‘24 request,” he added. 

Tierney, a veteran budget analyst, predicts the increase could be anywhere from $3 billion to $6 billion above what was requested in fiscal year 2023. 

Funding for military space programs — including the Space Force and other space programs across DoD — grew from $17.7 billion in 2021 to $21.8 billion in 2022, Tierney said. In fiscal year 2023, the Pentagon requested $26.9 billion and Congress upped it to $28.5 billion  

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WNU Editor: The demand is there .... Space Force sees greater demand for national security launch program (Air Force Times).

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