YEP!You could easily argue that without peace dividend, you have more continued development and spending on the military through the 90s... but then almost all of that would have gone into armored vehicles, aerospace, and other programs and probably not at all to the lowly rifleman.
In 1995, the US Army was on a combined arms footing... they expected 'the next war' to be much like Desert Storm: a massive combined arms strike [air strikes, naval strikes, artillery preparation followed by an offensive featuring fast mechanized forces striking directly at threat command and control nodes. And what they got was VERY different.
The September 11th attacks radically changed the focus of the DoD changing from a combined arms to a 'satellites and snake-eaters' format-- high grade intelligence operations followed by special operations raids. Iraq and Afghanistan were 'infantry wars', where the skills of the infantry company almost acted in isolation from the those of the Armor and Artillery branches. And the Engineers spent most of their time on civil projects, except the EOD guys... who definitely had their hands full.