Congress
-
Air ForcePratt Military Business Dips As DoD’s F-22, C-17 Programs Near End
NEW YORK—Pratt & Whitney [UTX] is facing some challenges with its military-engine business as Pentagon programs including the F-22 fighter jet and C-17 cargo hauler wind down, a top executive […]
-
CongressDeficit-Cutting Committee Not Seen As Strong On Defense
NEW YORK–With most of the members of a new deficit-cutting congressional committee named yesterday, some defense watchers predicted it will not spare the Pentagon budget substantial cuts. Six Republicans–three from […]
-
Business/FinancialAnalysts Examine Numbers Behind Deficit Deal
Defense experts continued yesterday to sort through the numbers behind the current and potential Pentagon budget cuts resulting from the federal-deficit-cutting deal President Barack Obama signed last week. With Congress […]
-
Business/Financial
DoD Leaders Weigh Cuts, New Acquisition Chief
As the Pentagon enters a time of austerity, defense leaders said they are rethinking weapon systems plagued by cost and schedule problems and looking for a new acquisition chief with […]
-
Congress
Senate Confirms Olsen As New NCTC Chief
The Senate on Tuesday confirmed Matthew Olsen to be director of the National Counterterrorism Center (NCTC), which integrates and analyzes all intelligence related to counterterrorism outside of the United States. […]
-
Business/Financial
Panetta Cautious On Second Wave Of Deficit Cuts
Defense Secretary Leon Panetta pledged yesterday to fight against significant Pentagon funding reductions in a second round of government spending cuts a new committee will weigh later this year under […]
-
Business/Financial
Obama Signs Debt Deal Over Hawks’ Objections
President Barack Obama signed into law yesterday a debt-reducing bill that cleared the Senate earlier in the day despite objections of some Republicans concerned about hundreds of billions of dollars […]
-
Congress
GAO: Latest Coast Guard Estimates Show Deepwater Costs Soaring
The most recent baseline cost estimates prepared by the Coast Guard for its Deepwater modernization program show overall costs have jumped considerably over the past four years even though the […]
-
Business/Financial
Obama Taps Acquisition Chief Carter For Dep SECDEF
President Barack Obama said yesterday he will nominate Pentagon acquisition czar Ashton Carter to replace Bill Lynn as the deputy secretary of defense. The tapping of Carter for the Pentagon’s […]
-
Business/Financial
Hawkish Lawmakers Assess Final Debt Deal Before Senate
Hawkish lawmakers skeptically assessed yesterday the deficit-reduction deal the White House and congressional leaders reached Sunday, which could cut defense-related spending by $850 billion or more over the next decade. The […]