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Pentagon

DoD Draws $1.5 Billion To Replenish Stockpiles, LaPlante Says Goal Is For ‘One-To-One Replacement’


15 days ago by Matthew Beinart

Senior Pentagon officials on Friday confirmed the department has officially moved ahead with transfering $1.5 billion to help ramp up production lines and replenish stockpiles of Javelin and Stinger missiles that have been sent to Ukraine to aid in its fight against Russia’s ongoing invasion. ...

GAO: Defense Property Accountability System Inadequate for Real-Time Inventory of F-35


15 days ago by Frank Wolfe

The Defense Property Accountability System (DPAS) is inadequate for the real-time inventory of property for the Lockheed Martin [LMT] F-35 at 671 government and contractor sites, per a new Government Accountability Office (GAO) report. In 2019, the Pentagon Inspector General (IG) found that the ...

Austin Tells Congress He Won’t Allow Critical Munitions Stockpiles To Fall Below Minimum Levels


18 days ago by Matthew Beinart

Defense Secretary Lloyd Austin told lawmakers Tuesday he would not allow stockpiles of munitions such as Javelin and Stinger missiles to fall below minimum levels, adding that the new $33 billion supplemental funding request to Congress would assist in replenishing large portions of that equipment ...

DoD Estimates Fuel Will Cost Over $3 Billion More Than Expected In FY ‘22, Comptroller Says


22 days ago by Matthew Beinart

The global increase in fuel prices is estimated to cost the Pentagon over $3 billion more in fiscal 2022 than it had originally expected, the department’s comptroller told lawmakers on Wednesday.  While the final FY ‘22 budget Congress passed in March factored in $1.5 billion to cover ...

Hicks Says RDER Will Help Address DoD’s ‘Complicated System’ For Advancing Promising Tech


1 month ago by Matthew Beinart

Deputy Defense Secretary Kathleen Hicks said Tuesday the new rapid experimentation campaign to address joint warfighting capability gaps is aimed at solving the department’s “complicated system” for transitioning promising new technologies into actual programs. Hicks told the Defense Writers ...

Biden Requests $773 Billion For Pentagon In FY ‘23, As DoD Briefs Congress On New National Defense Strategy


1 month ago by Matthew Beinart

The Biden administration’s fiscal year 2023 budget request calls for a $773 billion Pentagon topline, a four percent increase over the current spending level, as the department plans its largest ever investment in technology development and procurement efforts to modernize for future strategic ...

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