Congress
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Congress
Pentagon Launches Multi-Part Planning For Sequestration Cuts
The Pentagon has begun an intensive planning effort to gird for potential across-the-board budget cuts scheduled for March and also will take near-term steps, including delaying contract awards, to lessen […]
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Congress
Budget Turmoil Could Force Delay On QDR, Admiral Says
The Pentagon likely won’t be able to begin the congressionally mandated quadrennial defense review (QDR) because of the fiscal uncertainty stemming from the budget turmoil on Capitol Hill, a senior […]
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Congress
DoD Looks To Shield War Funds From Cuts
The Pentagon wants to shield war-specific funding from potential across-the-board funding cuts, a move that could shift larger reductions to other defense budget items such as weapons programs. “It is […]
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Congress
Hale: DoD Cuts Lower, But Budget Uncertainty Abounds
The Pentagon faces an array of fiscal unknowns–including when it will finalize next year’s budget proposal and whether it can choose how to make pending funding reductions–as it grapples with […]
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Congress
Hagel Faces Strong GOP Skepticism In SECDEF Bid
Senate Republicans reacted with skepticism and outright opposition yesterday to the nomination of their former colleague Chuck Hagel to be the next defense secretary, foretelling a bruising fight for his […]
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Business/Financial
DoD Budget May Be Delayed Amid Sequestration Uncertainty
The Pentagon may delay the release of its next budget request–possibly until March–as it faces potential across-the-board spending cuts that were delayed but not eliminated by a deficit deal President […]
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Congress
Panetta Cautiously Welcomes Sequestration Delay
Defense Secretary Leon Panetta yesterday welcomed legislation temporarily delaying sequestration, but warned that Congress “cannot continue to just kick the can down the road” and must act to create a […]
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Business/Financial
Moog Acquires Avionics Company Broad Reach
Moog Inc. [MOG.A] yesterday said it has acquired Broad Reach Engineering Co., a designer and manufacturer of spaceflight electronics and software for aerospace, scientific and military missions. The purchase price […]
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Congress
Congress Passes 2-Month Sequestration Delay
The House voted 257 to 167 late on Jan. 1 to avert some of the so-called fiscal cliff, in part by delaying for two months sequestration budget cuts to the […]
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Congress
Defense Bill Wants DoD Strategy For Next-Generation Cyber Security Capabilities
The Defense Department must develop a strategy to acquire the next-generation of host-based cyber security tools to help it overcome existing challenges and limitations, according to direction in the House […]