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Putin Signs $2.9 billion Weapons Contract with India

Russia sealed $2.9 billion of weapons contracts Monday with India, as President Vladimir Putin visited his nation's top arms customer for the first time since returning to the Kremlin in May.

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The Pentagon’s Decade-Long Spending Spurt Is Over: Welcome To The New Austerity

Since late 2011, defense contractors big and small have been planning for the previously announced reduction in defense spending of $487 billion over 10 years. But they could lose an additional $492 billion under sequestration, the automatic spending cuts that kick in on Jan. 2 if lawmakers on Capitol Hill and the White House fail to reconcile their differences.

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Debt Reckoning: Military Looks To Phase In Spending Cuts

In last year’s budget talks, Congress set up the prospect of $500 billion in automatic cuts in military spending to help pressure political leaders to reach a broader deficit-reduction deal.

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The End Of Advantage: Enemies May Catch Up With US Technology—Or Surpass It

The idea that militarily relevant technology, from missiles to GPS guidance, is proliferating ever more rapidly around the globe is not a new one. Nor is anyone predicting that the United States will be technologically backwards in 2030. But leading thinkers are increasingly concerned that, in a few key areas, potential adversaries, especially China, will erode America's technological advantage, catch up, or even surpass us.