Congress
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Air Force
House, Senate Negotiate Final DoD Bills
House and Senate lawmakers continued to hash out the final versions of the two Pentagon budget bills yesterday in hopes of wrapping up the delayed measures–which dictate the fate of […]
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Congress
Marine Corps Procurment Protected In Budget Review
The Marine Corps shielded weapons accounts from cuts during a recent budget review intended to help the Pentagon find savings Congress mandated over the summer, the service’s Nov. 2 military leader […]
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Business/Financial
Foreign Military Sales Surpass $30 Billion For Fourth Year
The Defense Security Cooperation Agency (DSCA) said the U.S. foreign military sales (FMS) it oversees reached $34.8 billion in Fiscal Year 2011, surpassing the $30 billion mark for the fourth […]
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Congress
House-Senate NDAA Negotiations Begin
Lawmakers who set Pentagon policy met last night to begin reconciling House and Senate defense bills–likely addressing controversial provisions on military detainees and the F-35 Joint Strike Fighter–and hope to […]
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Air Force
McCain Questions F-35 Program’s Future
Sen. John McCain (R-Ariz.) warned yesterday if the Pentagon does not force Lockheed Martin [LMT] to pay for a greater portion of cost overruns with the next F-35 Joint Strike […]
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Air Force
GE And Rolls Royce Abandon Alternative F-35 Engine
The General Electric [GE]-Rolls-Royce partnership developing the second F-35 Joint Strike Fighter engine said Friday they will abandon the project at the end of the year. “The GE Rolls-Royce Fighter […]
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Air Force
As Defense Build Down Looms, Expect Slowdown In Programs, Procurement Cuts, Expert Say
Under the threat of a budget sequestration and a push for general deficit reduction, the Defense Department is entering a period of a defense build down that will have a […]
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Congress
Senate Defense Bill Passed; Pentagon Vows To Move Against Fake Parts
The Pentagon and defense industry are working to ensure faulty or counterfeit parts do not make their way into the supply chain, officials said Friday, after the Senate passed legislation […]
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Congress
Senate Backs Limit On Defense Contractor Salaries
The Senate adopted an amendment to the fiscal 2012 defense authorization bill yesterday that would place a $400,000 cap on the annual salaries earned by government defense contractors. The amendment, […]
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Congress
House Bill Introduced To Improve Public-Private Sector Cyber Information Sharing
The chairman and ranking members of a House intelligence panel on Wednesday week introduced legislation that would improve the federal government’s sharing of classified cyber threat information with approved American […]