News
How Bad Would Sequestration Be For Defense?
Just how bad would sequestration be for the Pentagon? No one argues that the roughly $500 billion across-the-board defense cut that would be triggered if the super committee fails to agree on a plan to reduce the nation's deficit by at least $1.2 trillion equates to a worst-case scenario for the department. But the extent of the damage that could be done to the military with a cut of that size is a topic that is still up for debate/.../
Generational Shift for Joint Chiefs
Adm. Mike Mullen and the man who replaces him Friday as chairman of the Joint Chiefs of Staff are just five years apart in age but their experiences are different in ways that represent a dramatic shift at the top of the nation’s armed forces.
Affect on Dyess Unclear If Military Spending Reductions Kick In
The number of Air Force bombers and transport planes will shrink dramatically, military families will suffer, and Texas will especially feel the pain if Congress doesn't agree on overall budget cuts, according to a Republican report.The reason is that if the overall cuts aren't made, automatic reductions in military spending kick in/.../
Warplanes’ Cost-Per-Pound Steadily Rising
Here's another gem from that recent study on the defense industrial base -- or rather the prospective lack of it -- by the independent Center for Strategic and Budgetary Assessments. Instead of tracing weapons' cost growth over time, the folks at CSBA have simply divided each warbird's fly-away cost (the cost of the plane, minus R&D and assorted other expenses) by how much it weighs, to come up with its cost-per-pound in today's dollars. "Cost-per-pound may better capture the increasing information and electronic content (computers, software, navigation equipment, displays, sensors, electronic countermeasures and so forth) of modern weapon systems," the study says. (That, of course, explains why a new iPhone costs $1.2 billion.) Surprise: the newest planes are the most costly, even after wringing out inflation's impact.
Defense Leaders Make The Case Against Budget Cuts
The congressional supercommittee has two months to come up with a way to slash more than a trillion dollars from the federal deficit or risk deeper cuts that would be triggered automatically/.../ Everything is on the table in the debate — including defense spending.The heads of each branch of the military are making their case and explaining why their service is special/.../
Navy Trims Lockheed Role In Largest Missile Launcher System
The Navy is taking over management control and reducing Lockheed Martin Corp.'s role in a bid to cut costs on the sea service’s largest missile launching system/.../