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Business/Financial

Associations Warn Pentagon’s Planned Cuts ‘Could Cripple’ Defense Industry

Monday, January 9th, 2012

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The Obama Administration’s plan to eliminate over $480 billion in planned defense spending over the next 10 years would “cripple” certain defense sectors, forcing the industry to shed skilled workers, curtail development, be less responsive to urgent needs and for some firms cause them to leave the sector altogether, three key industry groups said in a report released on Friday. Based on responses to a survey distributed to select member companies of the industry associations, the report says that “According…

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

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The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]