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Budget

Five Years After Budget Control Act, Industry Is Far From Doomsday Scenario Predicted

Friday, August 5th, 2016

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Five Years After Budget Control Act, Industry Is Far From Doomsday Scenario Predicted

Norway's first F-35A, called AM-1, is in production at the Lockheed Martin Fort Worth, Texas assembly plant. Photo: Lockheed Martin.

Five years ago, on the eve of passage of the Budget Control Act, then-Secretary of Defense Leon Panetta wrote a letter to the Senate Armed Services Committee warning of a cataclysmic collapse of defense acquisition if the law went into effect.Many of the lawmakers who had a hand in creating the law viewed it as so draconian that it would never pass. It did, and immediately clamped a lid on defense spending through fiscal year 2021.Panetta’s letter enumerated the dire…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

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Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]