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The Latest Word On Trends And Developments In Aerospace And Defense White House Ax. President Barack Obama continues to make his case for cutting $400 billion in national-security spending by 2023, as part of his new plan to save $4 trillion in federal spending over 12 years. "Over the last two years, the Secretary of Defense Bob Gates has taken on wasteful spending that doesn't protect our troops, doesn't protect our nation--old weapons systems, for example, that the Pentagon doesn't…

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