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Defense Budget Alert

October 25, 2012 | Daily News

Uncertainty surrounding U.S. defense-spending levels in fiscal year 2013 and beyond is preventing the Pentagon from making key decisions about long-term strategy and investments, Defense Secretary Leon Panetta said today.

October 24, 2012 | Daily News

Lockheed Martin will issue WARN Act notices to employees impacted by sequestration should the measure take effect in the new year, the company's chief executive officer said today.

October 23, 2012 | Daily News

Senior leaders from the Army and Navy said yesterday that their services are already planning for sequestration or will soon begin doing so, but the Air Force has not started to plan and will not until formal guidance from the Office of Management and Budget is issued.

October 22, 2012 | Daily News

The Navy will start planning for across-the-board sequestration cuts in late November or early December if Congress has not moved to spare the military by then, the vice chief of naval operations said today.

October 22, 2012 | Daily News

Army leaders have begun planning for sequestration, trying to determine whether the service will have any flexibility in managing billions of dollars in cuts that will be required if a long-term deficit reduction deal is not enacted by Jan. 2.

October 19, 2012 | Inside the Army

Changes to the Army's force structure will begin manifesting themselves in the fiscal year 2015 program objective memorandum budget cycle, according to the G-8 force development director.

October 19, 2012 | Daily News

The Defense Department is bullish about securing multiyear procurement authority for big-ticket weapons programs -- which could save $2.7 billion -- despite the ban on such deals enacted by Congress in the stopgap spending law that governs military spending through March.

October 17, 2012 | Inside the Pentagon

Pentagon missile defense efforts and the Navy's Littoral Combat Ship are among the most wasteful of federal programs, according to a report released this week by Sen. Tom Coburn (R-OK).

October 17, 2012 | Daily News

The Army must figure out how it can continue to deliver capability quickly once funding for overseas contingency operations, which allows for rapid acquisition, decreases as the war winds down in Afghanistan, according to the G-8 force development director.

October 04, 2012 | Daily News

The Pentagon's procurement accounts, which at the end of August reflected higher-than-expected unobligated funding totals, could bear a significantly larger share of the Pentagon's $54.7 billion potential sequestration bill if a long-term deficit-reduction plan is not enacted by Jan. 2, according to government documents, Pentagon data and defense analysts.

October 04, 2012 | Inside the Pentagon

Deputy Defense Secretary Ashton Carter has issued guidance significantly narrowing the number of potential changes the department will consider in its review of fiscal year 2014 military investment plans, according to Pentagon and service sources.

October 04, 2012 | Inside the Pentagon

The Defense Department obligated nearly $200 billion during July and August, significantly reducing its unobligated balances for fiscal year 2012, according to data provided this week by the Pentagon.

October 04, 2012 | Inside the Pentagon

The Air Force's general ledger program lacks the "critical functional capabilities" to generate accurate and reliable financial management information, which could hurt the service's ability to meet audit-readiness deadlines, the Pentagon's inspector general's office writes in a new report.

September 28, 2012 | Daily News

All Defense Department managers and military commanders have been put on notice this week by the Pentagon's No. 2 official: Don't do anything different under the assumption that sequestration will be implemented.

September 27, 2012 | Inside the Pentagon

The Pentagon could have more flexibility under sequestration than defense officials have been predicting, Defense Department Comptroller Robert Hale said this week.

September 27, 2012 | Inside the Pentagon

The Pentagon wants to wait as long as possible before issuing guidance on how to deal with sequestration cuts, Defense Department Comptroller Robert Hale told lawmakers last week, stressing that Congress needs to find a way to avoid them.

September 26, 2012 | Daily News

The Defense Department should investigate the feasibility of price indexes tailored to different types of equipment, a move that could lead to more accurate program cost estimates, according to a Pentagon-commissioned study.

September 20, 2012 | Daily News

In a bid to avoid disrupting the Navy's tightly orchestrated aircraft carrier maintenance schedule -- and crimp the service's ability to surge naval power -- the Pentagon is seeking congressional permission to use fiscal year 2012 funds to finance work on two aircraft carriers that would otherwise be delayed under a pending FY-13 continuing resolution.

September 20, 2012 | Daily News

The Pentagon wants to wait as long as possible before issuing guidance on how to deal with sequestration cuts, Defense Department comptroller Robert Hale told lawmakers today, stressing that Congress needs to find a way to avoid them.

September 20, 2012 | Inside the Pentagon

The Pentagon is striving to sharpen its defense-business forecasts to overcome costly obstacles in pricing negotiations with industry.

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