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Post Tagged with: "defense budget"
US military braces for sweeping budget cuts
The Pentagon is bracing for deep spending cuts that will affect every facet of the US military if lawmakers fail to agree a deal to avert dramatic budget reductions, officials said Monday. The Defense Department will be forced to scale back training for troops, reduce spending for spy agencies, cancel purchases of some weapons and [...]
Norway 2013 Defense Budget: More Training, Improved Force Readiness
The Norwegian government proposes to spend nearly USD 7.4 billion (EUR 5,5 billion/NOK 42.2 billion) on defence in 2013, a real increase from 2012 of USD 52.5 million/EUR 39 million/NOK 300 million. This comes on top of continued efficiency gains which will lead to a combined net total funding increase of USD 100 million/EUR 76.8 [...]
DoD Budget Cuts Stall New Purchases of Helicopters
Continuing wars and nation building activities in Iraq, Afghanistan, Libya and Yemen have generated significant demand for rotary-winged assets for their diverse mission capabilities. The 2010 Quadrennial Defense Review (QDR) lists success in counterinsurgency (COIN), stability, and counterterrorism operations as some of the United States’ defense objectives. This can only be achieved by increasing the [...]
Panetta Warns Of US Defense Budget Disaster
U.S. Defense Secretary Leon Panetta says he is very concerned about the possibility of a major cyber attack that he says could paralyze U.S. government and financial systems. The warning came as Panetta cautioned U.S. lawmakers against major cuts to the defense budget. The Pentagon has already agreed to cut $450 billion from its budget [...]
China’s Defence Budget 2012: An Analysis
China’s Defence Budget for 2012 continues to follow anticipated trend lines in keeping with its plan of carrying out Revolution in Military Affairs in a calibrated, coordinated and comprehensive manner. The actual figures of the Chinese Defence budget continues to be a source of conjecture and no standard factors can assist in accurate prediction of [...]
Pentagon Prepares for Budget Request Rollout
Leaders will provide dollar details Feb. 13 for the Defense Department’s fiscal 2013 budget request, which is based on the defense strategic guidance framework announced last month, Pentagon Press Secretary George Little said today. Little told reporters the DOD comptroller, Robert F. Hale, will discuss the department’s overall budget early in the afternoon. Army, Navy [...]
Shifting Priorities Slowing African Defense Spending
Forecast International expects African defense budgets will grow at an average of less than 3 percent per year for 2011 through 2015. This figure is substantially lower than the 2006-2010 compound annual growth rate of 12.96 percent per year. While the expected trend is not entirely negative, as it still projects growth, the decrease does [...]
Moody’s Sees Half-a-Trillion or More in US Defense Budget Cuts
Defense contractors will face significant pressures thanks to the potential for 10% or greater cuts in the nation’s defense budget, as expected following the August 2 signing of the US Budget Control Act, says a new report by Moody’s Investors Service. Both larger prime contractors and smaller manufacturers will be affected over the next 10 [...]
Defense Budget Cuts Must be Balanced, Mullen Says
As the pressure increases on the federal budget, the Defense Department must make cuts in a balanced way, the chairman of the Joint Chiefs of Staff said here today. “There are three dials: the people dial, the operations dial and the acquisition or equipment dial,” Navy Adm. Mike Mullen said to about 300 Marines and [...]
