Defense Secretary Leon Panetta said yesterday he’d “take whatever the hell deal” lawmakers can come up with to delay or prevent so-called sequestration budget cuts. The $500 billion in decade-long reductions to planned defense spending will start in January if congressional Democrats and Republicans cannot agree on a plan to replace sequestration with other government savings. Many lawmakers and President Barack Obama oppose sequestration, but cannot agree on an alternate plan. Panetta had previously joined Obama in calling for Congress…
Recommended
Rocket Lab Closes Mynaric Acquisition At Higher Price Than Originally Agreed
Anduril Adds Edison Chouest Offshore For MUSV Production In The U.S.
Lockheed Martin Boosts Venture Arm To $1 Billion
Trending
Congress Updates
Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters
Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]
HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase
NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]
Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”
Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]
Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says
The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]