Budget

The Navy has initiated plans to formally inform private shipyard contractors of the possible termination of scheduled maintenance work, but stopped short of issuing cancellations it said it might have […]

A key lawmaker asked Defense Secretary Leon Panetta to ensure a reprogramming request would be made so the United States’ $211 million contribution toward Israel’s Iron Dome missile defense system […]

Senate Democrats unveiled yesterday a likely-doomed plan to offset “sequestration” budget cuts through the end of December with a package of new revenues and budget cuts, including a $27.5 billion […]

The Army’s Ground Combat Vehicle (GCV) program and the United States’ contribution to Israel’s Iron Dome missile defense system deserve scrutiny in light of possible sequestration and other looming budget […]

Frustrated Republicans argued yesterday Pentagon officials are partly responsible for the pending “sequestration” budget reductions, because they did not spell out the cuts’ dire consequences until this year. Pentagon leaders […]

Pentagon leaders and senators lamented the impact potential “sequestration” budget reductions would have on the defense industry yesterday, as Democrats and Republicans continued to clash over proposals to stop the […]

President Barack Obama called during his State of the Union address for Congress to avert looming “sequestration” budget cuts in part though “bipartisan, comprehensive tax reform.” Republicans skeptical of Obama’s […]

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 […]

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 […]

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 […]