:

Pentagon

Trump-Ordered Industrial Base Study Finds Defense Industry At Risk

Monday, February 26th, 2018

SHARE:

Trump-Ordered Industrial Base Study Finds Defense Industry At Risk

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

A multi-agency task force studying U.S. military contractors has an April 17 deadline to deliver its report, but has already identified some causes for concern over the health of the domestic defense industrial base.The Defense Department’s spending has been hampered and made erratic by nearly a decade of fiscal years begun with stopgap funding measures and the ongoing threat of across-the board sequestration budget cuts, according to Jerry McGinn, principal deputy director of the Office of Manufacturing and Industrial Base…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]