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Post Tagged with: "budget"
Defence Expenditure Increase In Proportion with Growth: India
India on Monday said its defense expenditure will increase “in proportion” with its economic growth rate, which is expected to be around eight to ten percent for the next two decades. “India’s defence expenditure is 2.5 percent of its GDP and the economy is expected to grow at eight to ten percent for the next [...]
Delayed A400M Military Transport Aircraft Needs Financial Rescue
Thousands of Europeans are employed building the 180 A400M military transport planes ordered by seven countries. But the project is billions of euros over budget, years behind schedule and in urgent need of funding. Messy negotiations between European governments and Airbus manufacturer EADS have recently drawn into question the future of the company’s beleaguered A400M [...]
Cybersecurity Seizes More Attention, Budget Dollars
WASHINGTON: Cybersecurity is seizing more attention and budget dollars from the Defense Department at a time when China’s alleged cyber attack on Google has underscored the urgency of the threat and the vulnerability of U.S. networks. The Pentagon’s second-ranking official described cyber threats as his top worry, and a chorus of other defense and government [...]
Comptroller Lists Priorities for Budget Request
WASHINGTON: Defense Department officials are working to cut extraneous and wasteful programs, despite a requested modest increase for the fiscal 2011 budget, the department’s chief financial officer said. During a Feb. 2 “DoDLive” bloggers roundtable, Robert F. Hale, undersecretary of defense, comptroller, provided a summary of the department’s proposed budget for fiscal 2011, listing four [...]
Defense Industry Redraws Its Battle Plan for 2010
SINGAPORE: Over the past year, defense stocks have taken a beating. In the US, Lockheed Martin shares were down by 40%, while Northrop Grumman has lost almost 40% of its value. In Europe, BAE Systems and Thales have fallen by similar amounts. According to Frost & Sullivan’s Asia Pacific Consultant of Aerospace & Defense Practice [...]
China, India raising military spendings: IISS
LONDON: Asian states led by China and India are surging ahead with military spending as they recover strongly from the global slowdown, while Europe and the US feel the pinch, a study said Wednesday. The US military remains “under severe strain” due to ongoing Iraq operations and its 30,000-strong surge in Afghanistan, said the respected [...]
Budget Request Continues Defense Reform Agenda
WASHINGTON: The fiscal 2011 Defense Department budget request continues an overall reform agenda and seeks a total request of $708 billion in budget authority, the Pentagon’s chief financial officer said. Comptroller Robert F. Hale said the total includes $159 billion in overseas contingency operations, or war spending. The so-called base budget request – the budget [...]
FY 2011 Program Acquisition Costs by Weapon System
The combined capabilities and performance of U.S. weapons systems are unmatched throughout the world, ensuring that our military forces have the advantage over any adversary. The DoD requests $214.7 billion in fiscal year (FY) 2011 combined Base ($189.4 billion) and Overseas Contingency Operations (OCO) ($25.3 billion) for Investment programs: $77.2 billion (Base, $76.5 billion; OCO, [...]
DoD Releases Defense Reviews, 2011 Budget Proposal, and 2010 War Funding
President Barack Obama today sent to Congress a proposed defense budget of $708 billion for fiscal 2011. The budget request for the Department of Defense (DoD) includes $549 billion in discretionary budget authority to fund base defense programs and $159 billion to support overseas contingency operations (OCO), primarily in Afghanistan and Iraq. This proposal continues [...]
