News
Search News
In the News
Analysts Aren’t Sharing Defense Contractors’ Optimism About Foreign Sales
As defense contractors look overseas for sales to help them compensate for declining U.S. spending, some analysts question whether the foreign market will be as lucrative as companies hope/.../
In the News
White House Proposes Cap On Wartime Spending
The Obama administration is proposing a cap on war outlays through fiscal 2021, the first time spending for military combat in Afghanistan and Iraq would be limited since the attacks of Sept. 11, 2001/.../
In the News
2013 Defense Budget Rollout: Just the Opening Salvo
The Pentagon's 2013 budget unveiled today by the Obama administration contains no big surprises. Most of the bombshells were dropped by Defense Secretary Panetta two weeks ago.
In the News
Obama’s Budget Could be Key to Region’s Economy
The federal budget to be released Monday will shed more light on President Obama's vision for a slimmer military, and it will be closely watched in Hampton Roads, where defense spending is a pillar of the economy/.../
In the News
Pentagon’s Budget Plan Said To Draw 40% Of Cuts From Weapons
The U.S. Defense Department's fiscal 2013 spending plan draws more than 40 percent of proposed reductions from weapons accounts that contribute less than a fifth of the budget, based on Pentagon projections.
In the News
Misspent Defense: Funding Last Century’s Wars
Whom the military is defending 20 years after the end of the Cold War is a separate question, and not one answered by Panetta or the Obama administration’s rhetorical blasts against the next round of budget cuts – the so-called sequestration that is set for next January. “Sequestration would be a doubling of the cuts,” Panetta warned last month. “That would require they take place through a meat axe approach that would hollow out the force and do severe damage to our national defense for generations.”