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As the U.S. Air Force begins to prepare for potential budget cuts in March, Air Force Secretary Michael Donley said he remains “deeply concerned” about the impact of sequestration on the service.
The U.S. Defense Department is preparing to ground military aircraft and call ships back to port should the Pentagon get hit with nearly $50 billion in budget cuts in March.
JERUSALEM — Israeli arms exports rose by 20 percent to $7 billion (5.3 billion euros) in 2012, according to defense ministry estimates cited by the Haaretz newspaper Jan. 10.
The Pentagon would need to furlough “virtually all” of its nearly 800,000 civilian employees for one month between March and September if mandatory federal spending cuts go into effect in March, according to a prominent defense budget analyst.
LONDON — Britain’s Ministry of Defence got a better grip on equipment program costs in 2011-12 but its control over delivery times was as bad as ever, according to a report on major projects by the governments spending watchdog.
Determined not to be labeled as the villain in a report on how the British Ministry of Defence managed its major equipment programs, in-flight refueling contractor AirTanker has released an open letter to the government’s spending watchdog distancing itself from accusations that its Future Strategic Tanker Aircraft program is responsible for a hike in overall procurement spending.
NEW DELHI — Contrary to media reports here that defense spending is likely to be reduced, sources in the Indian Finance Ministry sources said there is no such proposal before them to reduce defense allocations. to defense.
TOKYO — Japan plans to spend $2.1 billion on its military over the next few months as part of a huge stimulus package, a defense ministry official said Jan. 9, amid growing concerns over a rising China.
Army officials hoped to have a decision in hand on its stalled Armed Aerial Scout (AAS) helicopter program in mid-December, when officers briefed vice chief of staff of the Army Gen. Lloyd Austin III on the results of last summer’s visits with potential competitors in the quest to upgrade or replace the service’s aging Kiowa Warrior fleet.
White House Press Secretary Jay Carney was vague Jan. 8 about just when President Barack Obama will launch talks with lawmakers about avoiding deep cuts to planned Pentagon spending.
Former Nebraska Republican Sen. Chuck Hagel’s nomination to replace Leon Panetta as U.S. defense secretary will bring something old and something new into the national spotlight: President George W. Bush’s Iraq war and a shrinking Pentagon budget.
PARIS — An impending wave of cuts in public spending in France calls for a debate on the elements that make up the country’s nuclear deterrent, with a big question mark over whether to maintain the carrier-borne air wing, a report from influential think tank Centre d’Etude et de Prospective Stratégique (CEPS) said.
TOKYO — Japan will raise military spending this year for the first time in more than a decade under a ruling party plan, an official said Jan. 8, as Tokyo summoned Beijing’s envoy in a territorial row.
The controversial fiscal cliff deal reached last week would deliver a softer blow to the Pentagon’s budget than could have occurred, says Defense Department Comptroller Robert Hale.
Having failed to produce timely defense spending bills or avoid a chaotic end to a year-long march toward sequestration, the recently-deceased 112th Congress also failed to approve a normally prosaic measure allowing the transfers of old U.S. Navy ships to friendly navies.
Permanently avoiding massive Pentagon budget cuts could prove difficult as Washington enters a fight over the nation’s borrowing limit, a coming political battle that will bring big federal spending cuts to the forefront.
The climate on Capitol Hill continued on Jan. 4 to shift toward big federal spending reductions, a potentially unnerving shift for the Pentagon and U.S. defense sector as lawmakers begin the search for an accord on cuts to pare the deficit.
Despite Republican backlash over several tax and spending measures, the U.S. House voted Jan. 3 to keep a defense-sector ally as the lower chamber’s speaker.
The fiscal uncertainty that continues to engulf Washington could delay the submission of the U.S. Defense Department’s 2014 budget proposal, according to a senior Pentagon official.
A vacationing President Obama has signed the controversial measure that delays pending cuts to projected Pentagon spending and the 2013 military policy bill, the White House said.
The day after Congress passed a bill delaying defense spending cuts for two months, U.S. Defense Secretary Leon Panetta continued to press lawmakers to pass a balanced deal to lower the nation’s deficit.
The House on Jan. 1 approved a measure that partially averts the fiscal cliff and delays pending cuts to planned Pentagon spending until March.
After Pentagon and industry officials remove the cellophane from their 2013 calendars, they should circle two dates in red: March 1 and March 27.
The U.S. Senate early Jan. 1 overwhelmingly approved a measure that partially averts the fiscal cliff and delays deep cuts to projected defense and domestic spending.
As U.S. Senate Republican leaders and White House officials scramble to cobble together contents of a deal to avert the so-called fiscal cliff, it remains unclear whether they will find a way to delay or void pending defense cuts.
Senate Republicans on Dec. 30 rejected Democrats’ proposal to delay massive cuts to planned defense and domestic spending, using new tax revenues to pay for the change, lawmakers said.
WASHINGTON — President Obama said he remains hopeful Congress will reach a deal to avert the “fiscal cliff,” but he reiterated his call for a vote on his plan to extend middle class tax rates if Congress fails.
And then there were two. And then, suddenly, three again. Talks on avoiding the so-called fiscal cliff and massive cuts to projected federal spending briefly lost another participant Dec. 30 when Senate Majority Leader Harry Reid, D-Nev., signaled he would take a backseat and allow Senate GOP leaders and the White House to seek an accord.
The Aerospace Industries Association is issuing a final plea, aiming to convince lawmakers to address pending Pentagon cuts in their fiscal cliff legislation — but it may be too late.
Following a meeting with President Obama, Senate leaders said Friday they intend to hammer out a plan that would avoid the fiscal cliff and present it to their caucuses on Sunday. But it remains unclear whether the last-minute package will delay or void pending military spending cuts.
House Speaker John Boehner is attempting to shift pressure to the Democratic-controlled Senate as President Obama and congressional leaders are set to return to the negotiating table Dec. 27.
The 2013 defense policy bill — which clears the Pentagon to spend $633 billion on aircraft, ships and vehicles — is headed to President Obama’s desk. But its provisions on detaining terrorist suspects could lead Obama to veto it.
The U.S. House on Dec. 20 approved part of House Speaker John Boehner’s so-called fiscal “Plan B” measure that would cancel pending deep defense cuts and protect the Pentagon budget from cuts this year.
Bowing to criticism and throwing his hawkish members a life vest, House Speaker John Boehner has added to his fiscal “Plan B” a measure that would cancel pending defense cuts and shield the Pentagon from further budget shrinkage in 2013.
Secretary of Defense Leon Panetta issued a department-wide memorandum Dec. 20 that reiterated prior statements on the mechanics of defense cuts while reassuring civilian employees that the department would operate as normal to start the year.
U.S. President Barack Obama would veto legislation floated by House Speaker John Boehner that would raise taxes on high-earning Americans and extend middle-class breaks but still allows deep Pentagon cuts to occur.
In a wide-ranging speech delivered at National Press Club in Washington on Dec. 18, Secretary of Defense Leon Panetta presented a vision of the future that includes a very active role for the U.S. military in a post-Afghanistan world, even as the Pentagon shrinks its end strength and tightens its fiscal belt.
House and Senate lawmakers have agreed on a final bill authorizing the Pentagon to spend $631 billion in 2013, while also limiting DoD’s ability to deploy military spies and enter the biofuels industry. The bill stops short of mandating a new U.S.-based missile shield, and green-lights new multiyear contracts
The U.S. House this week will vote on legislation aimed at avoiding fiscal chaos by extending tax cuts on individuals who earn below $1 million annually, but Speaker John Boehner says it would leave in place deep defense cuts.
The death of Senate Appropriations Committee Chairman Daniel Inouye, D-Hawaii, likely will set off jockeying for that powerful position — and his post as chairman of the panel’s Defense subcommittee.
President Barack Obama and U.S. congressional leaders have yet to strike a deal to avoid fiscal chaos and deep military cuts, but there’s little reason to panic. Yet.
HELSINKI — Denmark’s center-left government has won cross-party support in parliament for a landmark national defense reform plan focused on unprecedented cost savings that not only will transform its defense capability, but also how defense is managed in Denmark.
As U.S. Army budget planners begin to take a first crack at projecting potential budgets out to fiscal 2019 as part of the program objective memorandum (POM) process, the service is starting to identify procurement objectives in the out years.
President Obama and congressional leaders must strike a deal in “the next couple days” if they hope to avoid fiscal chaos and deep cuts to Pentagon spending, said House Minority Leader Nancy Pelosi.
U.S. defense officials are still holding out hope that they might be given some flexibility on how to tailor spending reductions, particularly in weapon buying accounts, should sequestration go into effect next month, according to a senior defense official.
About two dozen U.S. House lawmakers are urging President Obama to place new Pentagon budget cuts on the table as the White House and congressional leaders seek to avoid fiscal calamity.
Lawmakers working on a final version of the 2013 Pentagon policy bill could finish the legislation as soon as Wednesday.
A U.S. Navy move to decommission nine warships and save more than $4 billion over the next five years remained in abeyance as Congress wraps up its defense work for 2012, leaving service leaders to ponder how they’ll proceed should lawmakers keep most of the ships in service.
The U.S. Navy wants it. Industry wants it. Democrats and Republicans want it. Appropriators and authorizers want it. Everybody, it seems, wants to put a second Virginia-class nuclear submarine back in the fiscal 2014 budget, keeping the service and its industrial suppliers on a two-boats-per-year building schedule.
PARIS — A new shareholder deal for EADS that limits government intervention while bringing Germany in as a shareholder alongside France will likely accelerate mergers, acquisitions and joint venture deals for the European aerospace and defense company, experts said.
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