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Defense Budget Alert

July 30, 2012 | Daily News

Defense contractors do not need to provide 60-day notices to employees possibly facing termination as a result of sequestration, according to guidance released today by the Labor Department.

July 26, 2012 | Inside the Pentagon

Northrop Grumman could face lower revenues, profits and cash flows if sequestration gets triggered and the company is preparing contingency plans for various scenarios involving defense budget cuts, Wes Bush, the company's chairman, chief executive officer and president, said in an earnings call Wednesday.

July 26, 2012 | Inside the Pentagon

Unless Congress approves the Defense Department's omnibus reprogramming request, DOD will face a budget shortfall of at least $1.5 billion due to rising fuel prices, according to a DOD spokeswoman.

July 26, 2012 | Inside the Pentagon

Defense Department contracts awarded during the first quarter of fiscal year 2013 would essentially be exempt from sequestration, but that is providing little comfort to the industrial base given that the budget-cutting mechanism would still confront DOD with roughly $50 billion in cuts in FY-13.

July 19, 2012 | Daily News

The Office of the Secretary of Defense has erected a new analytic framework to assess the services' fiscal year 2014 spending proposals and accompanying five-year investment blueprints, establishing more than a half-dozen strategic portfolios in a bid to identify capability gaps and potential redundancies.

July 19, 2012 | Inside the Pentagon

A National Guard program that pairs U.S. troops with peers from abroad to build the capacity of foreign militaries has strong support among Pentagon leaders, but the department has no plans to boost the small budget for such efforts by curtailing multibillion-dollar procurement programs like the F-35 Joint Strike Fighter, a senior defense official said Tuesday.

July 19, 2012 | Inside the Pentagon

House and Senate authorizers agree the Pentagon's fiscal year 2013 budget request continues a trend of underfunding efforts to combat the corrosion of weapons, a problem that costs taxpayers billions of dollars annually, but just how much money lawmakers will add to the department's request to address the matter remains to be settled in conference.

July 17, 2012 | Daily News

The Defense Department is seeking permission from Congress to shift $135 million between accounts to finance so-called Section 1206 security assistance projects pushed by top brass at U.S. Africa, Central, and Pacific commands.

July 12, 2012 | Inside the Pentagon

Program managers and defense contractors will gain a better, shared understanding of cost and schedule problems affecting the development of major weapons due to new guidance that went into effect this month, according to a Pentagon official spearheading the effort.

July 06, 2012 | Inside the Army

The Defense Department has sent Capitol Hill a package of proposals to shift $250 million in funding from an array of Army vehicle programs to help neatly offset war-related expenses, specifically a $772 million fuel and transportation bill, according to a recent multibillion dollar omnibus reprogramming request.

July 03, 2012 | Inside the Pentagon

The Obama
administration "strongly opposes" the House Appropriations Committee's fiscal
year 2013 defense-spending bill and senior presidential advisers would
recommend President Obama veto it, according to a statement of administration
policy released last week.

July 03, 2012 | Daily News

The price tag for Pentagon-proposed block buys of two big-ticket weapon systems -- Arleigh Burke destroyers and V-22 Osprey tiltrotor aircraft -- will be significantly higher than sums the Defense Department outlined in requests to Congress earlier this year seeking legislative permission to enter into multiyear procurements, congressional budget experts find in a new report.

July 02, 2012 | Daily News

The Pentagon is seeking congressional permission to shift $7.8 billion between accounts as part of a department-wide budget reallocation that would launch six new-start weapons projects as well as fund procurement systems that top brass at U.S. Central and Pacific commands say are needed under budget rules for "an anticipated or pending contingency operation."

June 28, 2012 | Inside the Pentagon

House Armed
Services Committee Chairman Buck McKeon (R-CA) has issued a formal request for
acting Office of Management and Budget chief Jeffrey Zeints to testify on July
18 about the mechanics and impact of automatic defense cuts known as
"sequestration."

June 25, 2012 | Daily News

The Defense Department wants to give as much as $750 million worth of military equipment to nations that contributed to ground routes used to supply U.S. troops in Afghanistan from the north, a move that would emulate equipment transfers that took place as a part of U.S. retrograde operations in Iraq.

June 22, 2012 | Daily News

The services and defense agencies are on track to render a combined $19.8 billion in efficiency savings in fiscal year 2012, in line with goals set two years ago to reduce administrative functions and headquarters operations in order to find additional resources for modernization and readiness accounts, according to Pentagon officials.

June 21, 2012 | Daily News

House Armed Services Committee Chairman Buck McKeon (R-CA) today predicted lawmakers would postpone offering a solution to the nation's deficit problems, but he urged them to do so quickly without more defense cuts and called on White House budget officials to testify this summer about plans for sequestration under the 2011 Budget Control Act.

June 21, 2012 | Inside the Pentagon

House
appropriators have recommended a $4.4 million cut to the Defense Department's
basic research initiatives, a reduction that could affect the Pentagon's
Minerva program.

June 13, 2012 | Inside the Pentagon

House and Senate authorizers and House appropriators have recommended committing at least $200 million to a research and development fund the Pentagon has said it does not want.

June 13, 2012 | Inside the Pentagon

The Defense Department's spending on Canadian-made combat vehicles and other purchases from foreign entities dropped by $4 billion in fiscal year 2011 even as overall Pentagon procurement grew by double that amount, according to DOD reports issued this year and last.

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