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US Congress Sends President 2013 Defense Authorization Bill
The finalized bill sets the DoD’s base budget at $527.7 billion which is $1.7 billion more than the president requested, but represents a reduction of $29 billion from current spending levels. However, according to Defense secretary Panetta, Congress was too generous in allocating $74 billion in funding programs the military does not need, does not want, and previously scheduled for termination.
US Wants a Stake in Israel’s Iron Dome Technology
Defense lawmakers in the U.S. House of Representatives are demanding 'rights to Israel's the Iron Dome Technology' before releasing the requested $680 million to follow-on production of the Iron Dome anti-rocket weapon systems for Israel The Washington news blog The Hill reports. "The United States has invested nearly $900 million into Iron Dome work, yet it has no rights to the technology involved."
DOD FY2012 Budget Passes Appropriations Defense Subcommittee
The House Appropriations Defense Subcommittee (HAC-D) marked up the FY2012 Department of Defense (DoD) Appropriations bill today, providing $530 billion for DoD (excluding Military...