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Keyword: defensespending

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  • Trump's defense spending hike expected to be ignored by Congress next week

    04/23/2017 12:09:03 PM PDT · by huldah1776 · 13 replies
    Washington Examiner ^ | April 23, 2017 | Travis J. Tritten
    President Trump's push for a big military buildup in legislation funding the government is likely to go unfulfilled next week, when Congress returns and quickly tries to agree on how to keep the government open after April 28. A $578 billion bill that funds the Pentagon through September and provides some modest increases has already been hammered out by lawmakers in both chambers and passed by the House. While there is talk of a week-long extension before the big bill is passed, the main bill is likely to be the basis of all defense spending for the rest of the...
  • How the U.S. Military Can Save $1 Trillion

    04/19/2017 7:50:37 PM PDT · by Tolerance Sucks Rocks · 38 replies
    The Cato Institute ^ | November 6, 2016 | Benjamin H. Friedman
    The United States could reduce Pentagon spending by over a trillion dollars in the next decade-spending $5.2 trillion rather than the currently planned $6.3 trillion- by adopting strategy of military restraint. That’s the bottom line of a study I produced along with several colleagues as part of “Developing Alternative Defense Strategies 2016,” an exercise organized by the Center for Strategic and Budgetary Assessments, where groups from five think tanks used CSBA’s “Strategic Choices” software to reimagine the U.S. military budget.The others all increased military spending. The teams from the Center for New American Security and the Center for Strategic and...
  • The DoD Has No Idea How Much The Mother Of All Bombs Costs

    04/14/2017 9:31:50 AM PDT · by marktwain · 53 replies
    The giant bomb U.S. forces dropped Thursday on an ISIS training camp in Afghanistan did not cost $314 million to develop, or $16 million per unit as reported by multiple news outlets.Every news report about cost of the “Mother of All Bombs” relied on a misreading of a 2011 article or a dubious internet website that InfoWars once linked to with a “healthy bit of skepticism.”The actual cost of the bomb is unknown. The actual cost of the program isn’t publicly available because the Mother of All Bombs, officially known as GBU-43 or the Massive Ordnance Air Blast (MOAB), is manufactured by...
  • The moab bomb costs $170,000 each not $16 million

    04/15/2017 3:45:28 AM PDT · by hotdogjones · 58 replies
    Business insider ^ | 4/14/2017 | Alex Lockie
    The US's Massive Ordnance Air Blast bomb does not cost $314 million, or $16 million, but $170,000 a unit, the US Air Force told Business Insider on Friday. The weapon, whose acronym inspired the nickname "Mother of All Bombs," was produced by the Air Force, not by a third party like Lockheed or Boeing, "so we don't have a standard procurement cost associated with them," an Air Force official said. The $170,000 figure makes sense considering a general-purpose 1,000-pound MK-83 costs about $12,000. The MOAB simply features more high explosives and larger fins to direct the GPS-guided munition. Many outlets,...
  • McCain: Aircraft carrier program wasted $4.7 billion

    10/14/2015 10:28:12 PM PDT · by sukhoi-30mki · 49 replies
    THE HILL ^ | 10/14/15 | Rebecca Kheel
    Sen. John McCain (R-Ariz.) on Wednesday blasted the Navy’s Gerald R. Ford-class aircraft carrier program, saying its $4.7 billion cost overrun threatens to undermine the Navy’s aircraft carrier legacy. “We simply cannot afford to pay $12.9 billion for a single ship,” McCain wrote in an 18-page report. “The combined $4.7 billion in cost growth on these first two ships has already not only eroded the buying power for remaining ships in the Ford-class, as it leaves less available for well as other critical military capabilities.” The criticism comes in the form of McCain’s latest “America’s Most Wasted” report, a series...
  • Tomahawk maker's stock up after U.S. launch on Syria

    04/08/2017 8:01:16 PM PDT · by Trump20162020 · 30 replies
    CNN Money ^ | 04/07/2017 | Paul R. La Monica
    Raytheon, the company that makes the Tomahawk missiles used in the air strikes on Syria by the United States, is rising in early stock trading Friday. Investors seem to be betting President Trump's decision to retaliate against Syria after the chemical attack on Syrian citizens earlier this week may mean the Pentagon will need more Tomahawks. The Department of Defense asked for $2 billion over five years to buy 4,000 Tomahawks for the U.S. Navy in its fiscal 2017 budget last February. Nearly five dozen Tomahawk cruise missiles were launched at military bases in Syria from U.S. warships in the...
  • A Startlingly Small Number Of US Forces Could Fight An Enemy Tonight, Says Army General

    04/05/2017 7:32:36 PM PDT · by BBell · 46 replies
    http://dailycaller.com ^ | 4/5/17 | RUSS READ
    Only three of 58 Army Brigade Combat Teams (BCT) would be available to respond to an enemy attack if one hypothetically happened tonight, according to the vice chief of staff of the Army. “Of the BCTs that are ready, only three could be called upon to fight tonight in the event of a crisis,” Gen. Daniel Allyn told the House Committee on Armed Services during a hearing Wednesday. A BCT usually numbers anywhere between 4,400 to 4,700 soldiers, meaning only approximately 13,500 troops would be ready to fight an enemy in the event of an emergency. To make matters worse,...
  • Pence brings Trump's military demands to wary Europe

    02/18/2017 8:11:56 AM PST · by Enchante · 50 replies
    Stars and Stripes ^ | February 18, 2017 | John Vandiver
    Merkel said Germany is committed to spending more, but will do so at its own pace. Berlin is set to increase expenditures by 8 percent this year and aims to reach the NATO benchmark of 2 percent of gross domestic product in about eight years. “We will do everything we can in order to fulfill this commitment,” Merkel said, adding that a strong Europe is also in America’s interest.
  • Nearly two-thirds of Navy planes grounded due to years of budget cuts

    02/09/2017 5:08:52 AM PST · by ETL · 54 replies
    FoxNews.com ^ | February 07, 2017
    Years of budget cuts have taken a toll on the Navy's fleet of strike fighters. Nearly two-thirds of the Navy's strike fighters are sitting unused because there is not enough money to repair them, according to DefenseNews.com. The Navy has had to deal with declining budgets in recent years even though the demand for military aircrafts carriers remains the same. Congress was unable to produce a budget before the October 1 start of the 2017 fiscal year. Political leaders say Congress' inability to pass the military budget on time is hurting the fleet. In addition to the grounded planes, there...
  • Lockheed Lowers Price on F-35 Fighters, After Prodding by Trump

    02/04/2017 5:49:43 AM PST · by GonzoII · 26 replies
    New York Times ^ | February 3, 2017 | CHRISTOPHER DREW
    After weeks of pressure from President Trump, Lockheed Martin agreed on Friday to a somewhat larger price cut on its F-35 fighters than it had on the last few orders, and finally brought the cost of the main version below $100 million for each jet. The Pentagon will buy 90 of the radar-evading planes under the new contract for $8.2 billion. The F-35 is by far the Pentagon’s largest program; it has plans to eventually build more than 2,400 of them for the Air Force, Navy and Marines, and hundreds more for allies. Mr. Trump began to criticize the much-delayed...
  • Tanks Are An Easy Target For Trump To Upgrade Army And Create U.S. Jobs

    01/26/2017 12:33:23 PM PST · by 2ndDivisionVet · 46 replies
    Forbes ^ | January 26, 2017 | Loren Thompson
    Franklin D. Roosevelt's "arsenal of democracy" that helped win World War II has been gradually withering away for two generations. This isn't just a story about other countries stealing U.S. jobs, it also reflects a failure of federal leadership in protecting the industrial foundations of America's military might. Washington is the main customer for U.S. weapons output, so if it doesn't manage the defense industrial base wisely, the base decays. Consider tank production. Tanks have been the premier expression of land warfare since the first primitive armored vehicles appeared on the Western Front a hundred years ago. But even though...
  • Obama Was First President to Spend More on Welfare Than Defense

    01/21/2017 9:12:01 PM PST · by Olog-hai · 13 replies
    Cybercast News Service ^ | January 20, 2017 | 2:52 PM EST | Terence P. Jeffrey
    Barack Obama was the first president of the United States to spend more on “means-tested entitlements”—AKA welfare—than on national defense, according to data published by his own Office of Management and Budget. Historical tables that the OMB posted on the Obama White House website, include annual totals for both “national defense” spending and “means-tested entitlement” spending going back to fiscal 1962—which is three years before President Lyndon Johnson signed legislation creating the Medicaid program, a means-tested entitlement that together with the Children’s Health Insurance Program enrolled 74,407,191 beneficiaries as of November 2016. In every year from fiscal 1962 through fiscal...
  • Lockheed Martin announces 1800 added jobs, lower F-35 costs after Trump meeting

    01/13/2017 1:17:02 PM PST · by SeekAndFind · 50 replies
    Hotair ^ | 01/13/2017 | Ed Morrissey
    If nothing else, we may be seeing what can happen when a little more competition gets introduced into government contracting. A few weeks ago, Donald Trump publicly complained about the price of the F-35, being produced by Lockheed Martin, calling it “out of control,” and suggested that he’d check in with Boeing on whether they could do any better. This wasn’t too long after Trump slammed Boeing for the cost of the new Air Force One fleet, and suggested that he’d cancel the program and look for someone else to build it.How did all that work out? Boeing and...
  • Vanity: I need stock recommendations for defense contractors

    01/12/2017 9:03:10 AM PST · by spacejunkie2001 · 43 replies
    1/12/17 | me
    If anyone has any GOOD recommendations for stock purchase of defense contractors, preferably small to mid cap, that would be awesome.
  • Dems to Trump: F-35 substitute a 'total nonstarter'

    12/29/2016 10:23:02 AM PST · by Mariner · 115 replies
    The Hill ^ | December 23rd, 2016 | By Rebecca Kheel
    A trio of Connecticut Democratic lawmakers is calling President-elect Donald Trump’s calls for finding an alternative to the F-35 a “total nonstarter.” “Any suggestion that there is a substitute for the F-35 is a total nonstarter,” Reps. Joe Courtney, Rosa DeLauro and John Larson said in a statement Friday. “This is a program that has been vetted ad nauseum by the Pentagon, the Congress and independent experts. There is simply no aircraft in production today that can compare with the F-35’s advanced avionics, networked capabilities and integrated stealth.” On Thursday, Trump took aim at the F-35 fighter jet for the...
  • Trump Persuades Boeing to Cut Cost of New Air Force One

    12/22/2016 11:01:24 AM PST · by VitacoreVision · 26 replies
    The New American ^ | 22 December 2016 | Bob Adelmann
    Following a one-on-one meeting with Boeing’s CEO, Dennis Mullenburg, on Wednesday over Trump’s concerns that the new Air Force One aircraft were costing too much, Mullenburg said: “We’re going to get it done for less than [the $4 billion price tag], and we’re committed to working together to make sure that happens.”The deal, hammered out at Donald Trump’s Mar-a-Lago resort in Palm Beach, Florida, revealed much about the paradigm shift taking place even before Trump is inaugurated. First, Trump means business. Not inhibited by ties to the military-industrial complex, Trump is recognizing who his employer really is: the American people....
  • Sen. McCain on the A-10: "... don't insult my intelligence!" (McCain being a boss)

    12/22/2016 11:25:10 AM PST · by StormPrepper · 90 replies
    Check the video at this link. John McCain earning his pay at the hearings for phasing out the A-10. "The B1 Bomber will now be used for close air support? This is why we can't take you seriously..."
  • Leaked Memo Reveals List Of Trump's Top Defense Priorities

    12/21/2016 1:05:42 PM PST · by ColdOne · 15 replies
    zerohedge.com ^ | 12/21/16 | Tyler Durden
    A leaked communication between the Trump transition team's Undersecretary of Defense for policy Brian McKeon, and the Pentagon, has revealed the four biggest defense priorities for the president-elect. Among the top four items listed in the memo from are: 1) developing a strategy to defeat/destroy ISIS; 2) build a strong defense by eliminating budget caps/the sequester, 3) develop a comprehensive cyber strategy, and 4) eliminate wasteful spending by finding greater efficiencies. The list was communicated to McKeon by Mira Ricardel, one of the leaders of Trump’s Pentagon transition team, according to the memo obtained by Foreign Policy magazine and published...
  • Trump to Meet with Defense Contractors: Boeing, Lockheed-Martin

    12/21/2016 1:22:32 PM PST · by Beautiful_Gracious_Skies · 6 replies
    Reuters ^ | December 21, 2016 | Melissa Fares
    U.S. President-elect Donald Trump was scheduled to meet .....with the chief executives of two defense contractors he has criticized over project costs. Dennis Muilenburg, of Boeing Co, and Marillyn Hewson, from Lockheed Martin Corp, arrived at Trump's Mar-a-Lago resort where he is spending Christmas. ... Trump has complained about the companies in Twitter broadsides and speeches for costs he said are too expensive, sending defense shares tumbling. Trump has said Boeing's costs to build replacements for aging Air Force One planes - one of the most visible symbols of the U.S. presidency - are too high and urged the federal...
  • Military Update: Average rise in stateside housing allowances: 2.4 percent

    12/18/2016 5:21:00 AM PST · by SandRat · 16 replies
    Sierra Vista Herald ^ | TOM PHILPOT
    Basic Allowance for Housing (BAH) paid to a million service members living off base in the United States will climb an average of 2.4 percent Jan. 1, or about $41 a month. Actual increases for individual BAH recipients will vary by Military Housing Area, pay grade, and dependency status. For a third straight year, BAH adjustments will not quite keep pace with the average rise in rent and utility costs, as the Department of Defense sticks to a five-year plan to trim the cost of stateside housing allowances gradually. The dampening of rates will continue until 2019 when recipients will...