April 20, 2024

NDAA Deal Reduces Benefits

News on Economy

The pay and benefits cuts were backed by both the DoD and White House in an effort to slow the growth of personnel costs.

Senate May Debate 2015 NDAA

After recent uncertainty, bipartisan optimism spread through the Senate last week that it would begin work on the 2015 NDAA after the upcoming recess.

International F-35 Sales Boost Lockheed

The aeronautics division saw revenue rising from $3.41 billion to $3.86 billion and operating profit from $407 million to $453 million.

White House Considering Defense Bill Veto

The administration says an election year budget that spares weapons and popular programs will prevent the Pentagon from directing needed resources to the military.

More Budget Cuts Could Target Mid-sized Contractors

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House defense panel member says his committee has cut another $25 billion from defense in the budget bill and that the contractor workforce was likely to take the brunt of this additional hit.

Northrop’s RQ-180 Drone Spied Over Area 51

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The new stealth drone may be twice the size of Lockheed Martin’s RQ-170 Sentinel drone which makes it large enough to conduct operations as an unmanned stealth bomber, although spying is likely the aircraft’s main mission.

Boehner to Senate: Pass Defense Budget Bills

The House completed work months ago, but Party quarreling in the Senate continues to hold up passage of the Pentagon spending bill. Senate leaders intend to reconsider the bill next week after returning from a two week hiatus.

Plans Released to Open More Military Jobs to Women

Senate might not pass defense budget before fall, cyber-security legislation advances, so does a cyber-arms race, says security technologist.