Defense titan reports a $2.1 billion loss to investors for the fourth quarter of 2012. Read Full article Online Defense and Acquisition Journal
Archive | DOD
Army delays GCV program
Army forced to add six months to TD phase in the face of wave of budget cuts. Read Full article Online Defense and Acquisition Journal
Navy Under Secretary Bob Work to step down
They Navy’s secret weapon on Capitol Hill expects to retire in 2013 after four years serving as the Navy’s No. 2 civilian. Read Full article Online Defense and Acquisition Journal
LCS Mafia’s Full-Court Press
The LCS program has used this week’s Surface Navy Association conference in DC for a full-court messaging press against the ever-controversial platform’s critics. Read Full article Online Defense and Acquisition Journal
Navy to see shrinking budgets but no shortage of crises
Commander of U.S. Fleet Forces Command describes the challenges facing the Navy beyond sequestration and the budget cuts. Read Full article Online Defense and Acquisition Journal
Navy struggles to meet demands
Vice Adm. Thomas Copeman gave a blunt assessment Tuesday of the Navy surface fleet’s state of readiness in the face of budget cuts combined with the new defense strategy. Read Full article Online Defense and Acquisition Journal
AF Ospreys headed to Japan, or not
The Pentagon quickly corrected Air Force Secretary Michael Donley who said Air Force Ospreys were headed to Japan. Read Full article Online Defense and Acquisition Journal
Move over GCV; Army Aviation Wants New Toys Too
Army Aviation officials mapped out the service’s aircraft requirements for the future on Friday at the Association of the United States Army’s Aviation Symposium and Exposition. Read Full article Online Defense and Acquisition Journal
Pentagon authorizes hiring freezes, furlough plans
Defense Secretary Leon Panetta realizes he will have only a short time to find $52 billion worth of savings in the Pentagon’s 2013 budget if Congress fails to reach an agreement by March 1 to eliminate the sequester cuts. To mitigate some of the damage to military readiness, the Pentagon authorized civilian hiring freezes while […]
General Dynamics gets $4 billion underwater boost
Electric Boat division provides General Dynamics a financial cushion ahead of the coming defense cuts. Read Full article Online Defense and Acquisition Journal