The Pentagon’s estimated budget has more than doubled to $676 billion in the past 10 years because of the wars in Iraq and Afghanistan. Defense represents about 18% of total…
Monthly Archives: October, 2011
Pentagon’s Murky Outlook Pressures Defense Stocks
October 28, 2011 • In the News • Original: MarketWatch
Is Military Retirement Still Third-Rail Issue
October 26, 2011 • In the News • Original: Federal News Radio
The government’s promise of lifetime health care for the military may no longer be sacred. Lawmakers are signaling a willingness to make military retirees pay more for coverage — but…
Leon Panetta Says Military Has “Hollowed Out” After Major Wars
October 26, 2011 • In the News • Original: Politifact
In an interview in the New York Times on Oct. 23, 2011, Defense Secretary Leon Panetta warned against cutting defense spending too severely as the U.S. winds down its involvement…
Report: Pentagon Could Rely on Unmanned Systems Under Tighter Budget
October 25, 2011 • In the News • Original: ExecutiveGov
In uncertain times regarding the budget, the Defense Department can change the way it does business and be more efficient or change the business it does and shift strategy, according…
White House Endorses 2012 Defense Spending Freeze
October 24, 2011 • In the News • Original: Defense News
As Congress works to pass spending legislation for 2012, the White House has endorsed a Senate plan to freeze the Defense Department’s base budget at 2011 levels. The White House’s…