Lockheed Martin Corp.‘s fighter jets and General Dynamics‘Â Virginia-class submarine have secured $8.4 billion and $5.4 billion, respectively, in President Barack Obamaâs 2014 budget plan, the Washington Business Journal reports. The U.S. President
MorePresident Barack Obama is seeking $100 billion in cuts to the defense budget over the next decade, down from $500 billion that were originally required under sequestration. Under the President’s $3.77 trillion
MoreApproximately 94 percent of the U.S. Navyâs more than 200,000 civilian employees would have to be furloughed as the branch handles cuts under sequestration. The Navy is also determining which ship and
MoreU.S. intelligence agencies may have to furlough some workers under required sequestration budget cuts but no decisions have been made on furloughs yet, the national intelligence director said Friday. James Clapper said
MoreThe Defense Department awarded $39.4 billion in contracts during March, a sharp increase over the $23.1 billion in awards from February and $12.1 billion from January. Despite sequestration, the Pentagon plans to award up to $300 billion
MoreThe Federal Aviation Administration will keep contractor-operated air traffic control towers at 149 airports open until June 15 as the agency is handling legal challenges from airports against closing the towers Closures
MoreThe Office of Management and Budget has advised federal agencies to consult with their inspectors general on how sequestration budget cuts could impact their funding. Agency heads hold final responsibility for implementing
MoreDefense Secretary Chuck Hagel made his first major policy speech since taking the job and said the military should prepare for more budget cuts, Reuters reports. The Defense Department is cutting $41
MoreA Gallup analysis released Tuesday found 41 percent of federal agencies are letting employees go and reducing the size of their workforce in the wake of sequestration. The polling firm surveyed 17,818
MoreAir Force General Philip Breedlove has been nominated by President Obama to serve as as the new NATO supreme commander and the head of U.S. European Command, according to a Global Post article. If
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