World Military Spending Sees First Decline Since 1998
With spending down, defense companies are shrinking. In Washington, cyber intel gets scrutiny and a bill.
Pentagon Looks to Cut 5 to 6 Percent of Workforce
New defense budget calls for civilian jobs cuts and base closures.
GAO: The F-35 Is Still a Financial Risk
The General Accounting Office says the Joint Strike Fighter’s affordability is still a major concern.
Navy Seeks to Modify Sequestered Contracts
The Navy wants to obtain contract modifications for programs who will run out of cash because of sequestration.
DoD Slowing Contractor Payments to Preserve Cash Flow
Pentagon says it will honor current contracts but faces a cash crunch with sequestration.
FAA Releases Specifications for Unmanned Test Sites
Officials hope to make Southern Maryland one of six sites selected for domestic unmanned aircraft testing.
Furloughs May Not Be a Done Deal
Pentagon official says the White House is trying to find a way to avoid furloughing civilian DoD workers.
