The sharp decline in crude oil prices over the past five months could end up saving the Pentagon billions of dollars in the coming years, freeing up the money for weapon purchases and improving military readiness, some experts say.
The new defense spending bill includes $120 million for tanks that the Army has repeatedly said it doesn’t want.
The Air Force’s A-10 Warthog attack jet has bested its foes in Washington again and is back in combat over Iraq.
It’s called “the vicious circle of space acquisition.”
The U.S. military operates fleets of Cold War-era aircraft that will not be replaced any time soon. For the Pentagon, this creates daunting challenges, experts warn. Airplanes will have to fly much longer than planned and, at a time of tight budgets, the cost of maintaining aging equipment is projected to soar.
The Navy plans to beef up the firepower and defenses of its littoral combat ship fleet in the coming years, allowing the ships to operate in more dangerous waters.
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