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R & D funding forecast predicts modest increases in 2004.(Defense News)

About 1 pages (423 words)

Microwave Journal, April 1st, 2004

Total R & D expenditures in the US are expected to increase about 2.5 percent from the $283.8 B spent in 2003 to nearly $291 B in 2004, according to Battelle-R & D Magazine's annual funding forecast.

Government funding of scientific research and development will see the largest increase, while industrial support of R & D will increase only slightly in 2004, according to the closely watched forecast.

The forecast, based on data supplied by the National Science Foundation, predicts:

* Federal spending on R & D is expected to be $89.4 B--an increase of 4.8 percent.

* Industrial spending on ...

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