May 30, 2020

DoD Fails 2nd Audit – No Surprise

DoD Fails Audit

DoD’s second-ever financial audit shows some progress, but uncovers more new problems than fixes. DoD has 3 million employees, 4,500 defense sites in 160 countries, a $292 billion inventory, more than $2.9 trillion in total assets, and $2.8 trillion in liabilities.

DoD Deputy Tells House Panel: BRAC Would Increase Savings

BRAC

DoD denies ignoring $125B in savings, but needs congressional help, including a new round of BRAC, to achieve cost reductions of that level.

Navy Lands F-35C at Elgin; Contractor Pay Cap in Immigration Bill

F-35C JSF formation

Video of the F-35C arriving at Elgin Air Force Base, but the price tag is giving international buyers the jitters. GE Aviation could be cutting costs with its new aircraft engine from a 3D printer.