Tuesday, February 14, 2012

Defense budget

  • "Over the next 10 years, the growth in the defense budget will slow, but the fact of the matter is this: It will still grow, because we have global responsibilities that demand our leadership.
  • (Washington Post)
  • The Obama administration's proposed budget released Monday calls for less defense spending, but Brevard companies that depend on military contracts didn't see massive cuts aimed at them.
  • (Florida Today)
  • The proposed National Bio and Agro-Defense Facility planned for Kansas moved onto the endangered list Monday after the Obama administration's 2013 budget cut all construction spending for the facility.
  • (Kansas City Star)
  • The Pentagon sought to show Monday that it has made tough spending decisions in its fiscal 2013 budget proposal, with the brunt of reductions falling on U.S.
  • (Richmond Times-Dispatch)
  • The Pentagon is challenging lawmakers not to pull apart its $525 billion proposed budget as Defense Secretary Leon Panetta heads to Capitol Hill to make the case for reduced spending linked to a new military strategy.
  • (Bloomberg)
  • MARINETTE — The defense budget submitted to the U.S. Congress Monday includes requests for funding of four more littoral combat ships in fiscal year 2013. Two of those ships would be built by Lockheed Martin Corp. at Marinette Marine Corp. in Marinette.
  • (Green Bay Press-Gazette)
  • Wall Street analysts and congressional aides took the detailed news in stride, relieved that no major surprises emerged in the Pentagon budget plan. The SP defense and aerospace stock index .GSPAERO closed 1 percent higher.
  • (Reuters UK)
  • Elbit's canceled contract with Turkey as well as lower revenue growth because of defense budget cuts is "a cocktail of bad news," Tsahi Avraham, an analyst at Clal Finance Brokerage Ltd. in Tel Aviv, wrote in an e-mailed report yesterday.
  • (Bloomberg)
  • Defense Secretary Leon Panetta is defending his departments slimmed-down, $614 billion budget plan, telling senators its time to step up and show they are serious about reducing the deficit.
  • (AP - msnbc.com)
  • China's defense budget is expected to almost double by 2015 as Beijing accelerates its spending on fighter jets and other military equipment, according to defense forecasts.
  • (CNBC)

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