DefenseBudget News

DefenseBudget News From AOL News

Obama Proposes Another Surge in Military Spending

WASHINGTON (Feb. 1) – After moving last year to cancel or scale back some of the military's most expensive weapons programs, the Obama administration announced plans today to continue what has become an era of historic growth in defense spending. New spending blueprints unveiled at the Pentagon would push the U.S....

DefenseBudget News From the Web

05/15/12 Boeing says prepping for further U.S. budget cuts Source: Reuters By Andrea Shalal-Esa Boeing Co is paring its workforce, consolidating facilities and cutting overhead to prepare for the "distinct possibility" that U.S. defense spending will be cut by a total of $1 trillion over the next decade, the head of the company's defense business said on Tuesday.
01/04/12 Boeing to Close its Facility in Wichita, Kan., by Late... Source: Industry Week (IW) Boeing Co. said it will close its Wichita, Kan., facility by the end of 2013, asserting that defense-budget cuts "as well as shifting customer priorities" prompted the decision.