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Budget

Five Years After Budget Control Act, Industry Is Far From Doomsday Scenario Predicted

Friday, August 5th, 2016

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Five Years After Budget Control Act, Industry Is Far From Doomsday Scenario Predicted

Norway's first F-35A, called AM-1, is in production at the Lockheed Martin Fort Worth, Texas assembly plant. Photo: Lockheed Martin.

Five years ago, on the eve of passage of the Budget Control Act, then-Secretary of Defense Leon Panetta wrote a letter to the Senate Armed Services Committee warning of a cataclysmic collapse of defense acquisition if the law went into effect.Many of the lawmakers who had a hand in creating the law viewed it as so draconian that it would never pass. It did, and immediately clamped a lid on defense spending through fiscal year 2021.Panetta’s letter enumerated the dire…

Army

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Army

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Congress

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Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]