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Business/Financial

Obama Touts Defense Acquisition ‘Reform’ While Lashing Acquisition Cost Overruns; But He Says Outlays On Veterans To Rise

DDN

Monday, March 30th, 2009

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President Poised To Whack $40 Billion From Defense Procurement Programs President Obama flailed defense procurement programs afflicted by soaring costs, and said it is time for defense acquisition reform, echoing complaints from key lawmakers. Obama, speaking in a White House press conference, didn't detail just which acquisition costs have attracted his ire, but some members of Congress have excoriated certain missile defense programs including the Airborne Laser. The president was asked where he will find savings in the defense and…

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]