Archive: Budget

Lawmakers Urge Navy To Delay Plans To Cancel Ship Maintenance

A group of Democratic and Republican lawmakers are urging the Navy to delay plans to cancel ship maintenance availabilities for the second half of fiscal 2013, asking for more time for Congress to resolve the budget stalemate behind the proposed cancellations. Nine lawmakers sent a letter yesterday to Navy Secretary Ray Mabus and Chief of […]

Navy Delays Carrier Refueling, Cites Lack Of Funding

The Navy said Friday that it has delayed the mid-life refueling and overhaul of an aircraft carrier, saying it lacks the funding needed to begin work this fiscal year because Congress has not approved a budget. The USS Abraham Lincoln (CVN-72) will remain docked at Naval Station Norfolk in Virginia rather than sail next week to […]

Analysts: Pockets Of Growth For Defense Industry

The defense-industrial base will still have ample contracting opportunities–despite the Pentagon’s shrinking budget–in areas such as cybersecurity and new innovations, analysts say. The defense industry is no doubt facing challenging times–as the March 1 start date for $500 billion in longterm Pentagon cuts nears. Still, companies that position themselves to address unavoidable threats and offer […]

U.S. Must Maintain, Modernize Nuclear Triad, Hoeven Says

The United States must not only maintain, but modernize, its air, land and sea-based nuclear arsenal as opposed to reducing its strategic options, according to a key senator. Sen. John Hoeven (R-N.D.) said on Wednesday the U.S. nuclear arsenal is the “bedrock of our defensive strategy” and requires ongoing investment. “The world is getting more […]

Panetta Warns Of Cyber Threats As He Readies To Leave Office

As he winds down his tenure at the helm of the Pentagon, Defense Secretary Leon Panetta is warning that cyber-attacks constitute one of the “great threats” facing the United States and urged Congress to advance legislation to address the danger. “Cyber is now at a point where the technology is there to cripple a country, […]

Budget Turmoil Forces Navy To Delay Carrier Deployment, DoD Says

The budget stalemate on Capitol Hill has forced the Navy to delay the deployment of the USS Harry S. Truman (CVN-75) aircraft carrier, as well as its air wing, and a cruiser to the Middle East, the Pentagon said yesterday. Pentagon spokesman George Little released a statement saying Defense Secretary Leon Panetta signed off on […]

Congressman Warns Of Cuts To Navy’s Fleet

A Republican member of the House Armed Services Committee warned that cutting the size of the Navy’s fleet of combat ships will negatively affect the service’s long-term ability to project power around the world, and said the situation would worsen if Congress cannot resolve the budget standoff. Rep. Duncan Hunter (R-Calif.) statement came after the […]