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The Latest Word On Trends And Developments In Aerospace And Defense Hail To The (Defense) Chief. President Obama hails Defense Secretary Robert Gates' proposed defense-budget rejiggering during a speech on the economy last week. "Secretary Gates recently announced a courageous set of reforms that go right at the hundreds of billions of dollars, in waste and cost overruns, that have bloated our defense budget without making America safer," Obama says during the April 14 address to Georgetown University. "We need…

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