Tag: sequestration

Lt. General Christopher C. Bogdan, the Program Executive Officer outlined the achievements and hurdles of the F-35 Joint Strike Fighter (JSF) in his testimony in front of the Senate Armed Services committee. While the program is now in a better shape, obstacles still remain, in software integration, affordability and future operating & support.

The world's largest defense contractor Lockheed Martin assesses the potential effect of sequestration measures taken by the US Government could reduce its 2013 net...

means of giving the Pentagon some degree of autonomy in dealing with mandatory across-the-board spending cuts mandated under sequestration. Additional funding was also authorized for those military accounts that are likely to suffer the most during sequestration, such as operations and maintenance.

On the first press conference after his nomination US Secretary of Defense Chuck Hagel and his deputy Ashton B. Carter said the first step in sequestration measures is being implemented: cutting training immediately, reducing flying hours, Preparation to stand down four Naval fighter wings, the first will stand down in April

By morning of March 1, 2013 as mandatory budget cuts will take effect, the US DOD will enter a ruthless, potentially devastating cycle of...

Who is most likely to lead the rationalisation in the defense sector? As defense markets appearing to have entered a prolonged downturn, the biggest defense companies are employing strategies to delay negative effects by buying back shares, but they can't do that forever...

CEO Bob Stevens warned against the consequences to U.S. national security and the economy of the automatic cuts known as sequestration, calling on Congress to find a better solution to address US fiscal challenges.