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DoD defends its budget request
Wednesday - 2/29/2012, 7:41am EST
Defense Secretary Leon Panetta said the Pentagon will save $259 billion over the next five years through a series of initiatives.
For instance, the Army hopes to reduce spending by almost $19 billion by streamlining support functions, consolidating technology services and rephasing military construction projects.
Panetta also made his case for another round of base closures despite their unpopularity among lawmakers as a money saving effort.
DoD does plan to invest in a handful of specific areas including $12 billion for research and development and more than $3 billion for cyber activities.
This story is part of Federal News Radio's daily DoD Report. For more defense news, click here.