Tag Archives: defense spending

Report outlines contingency plans for Pentagon spending; Lockheed beefs up ground systems tech with acquisition

Washington Post – The Defense Department may be good at planning for doomsday scenarios, but dealing with fiscal disasters is a different art form. A new report by the Center for Strategic and International Studies analyzed the decline of the defense budget and drew up a list of affordable military options for the government in […]

Washington Post l Defense contractors raising voices against sequestration

Defense contractors are speaking up increasingly loudly against the possibility of mandatory federal budget reductions starting in January, warning that the cuts would take a toll on their businesses. Robert J. Stevens, chairman and chief executive at Bethesda-based Lockheed Martin, the world’s largest defense contractor, said last week that the company might be forced to […]

PR Newswire l Contractors respond warily to Pentagon vow to preserve industrial base

Just days before the expected Feb. 13 release of President Obama’s fiscal 2013 budget, the Defense Department’s top weapons buyer sought to reassure nervous contractors that the White House will protect vital industries even as it implements major cuts in procurement and personnel spending. Frank Kendall, acting undersecretary of Defense for acquisitions, technology and logistics, […]

Market Watch l Honeywell Well Positioned to Weather Potential Cuts In U.S. Defense Budgets

U.S. DoD Continues to Refine Budget Outlook and Call Upon Key Suppliers for Solutions — Honeywell to Help Military Cut Costs, Increase Energy Efficiency, and Enhance Capabilities — Honeywell Planning Aligns with Defense Cuts Consistent with Previously Announced Guidance Honeywell today will discuss its Defense and Space (D&S) strategy and reiterate its financial guidance for […]

AW l Pentagon Outlines Plan for Budget Cuts

A new defense strategy shifting the focus away from the wars in Iraq and Afghanistan and toward the Asia-Pacific region tees up a reduction of nearly $490 billion in previous Pentagon planning, aimed at reducing the federal deficit. In a Jan. 5 Pentagon press briefing, President Barack Obama, Defense Secretary Leon Panetta and Army Gen. […]