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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.
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Where’s The Beef? Krepinevich Slams Vagueness Of US Strategy
Where's the strategic beef? That's what Andrew Krepinevich wants to know.
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No Guarantee of Troops in Afghanistan Past 2014
The debate about U.S. troop levels in Afghanistan beyond 2014 is ramping up, with dueling defense experts suggesting a force of more than 30,000 or fewer than 10,000.
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How ‘Fiscal Cliff’ is Already Hitting Defense Industry
/.../For their part, some defense contractor executives are now making it a point to stress that sequestration, if a fiscal cliff deal isn’t reached by Jan. 1, would be less of a “guillotine” than a “speed bump.”