Jim's Feed
Feb 13, 2012

Obama proposes defense cut after decade of growth

WASHINGTON (Reuters) – President Barack Obama unveiled a 2013 defense budget on Monday that proposes cuts in Pentagon spending for the first time since 1998, slashing military personnel costs and weapons purchases as it trims $487 billion in projected outlays over the next decade.

The president’s spending plan calls for a Pentagon base budget of $525.4 billion, about $5.1 billion less than approved in 2012. The cost of U.S. wars abroad would fall 23 percent, to $88.5 billion from $115 billion, primarily due to the U.S. withdrawal from Iraq and a drawdown in Afghanistan.

Feb 9, 2012

Exclusive: U.S. squeezes French-led satellite maker over China

WASHINGTON (Reuters) – The United States has threatened action that could disrupt a French-led satellite maker’s supply chain, spurred by suspicion that it illegally used U.S. know-how or parts in spacecraft launched by Chinese rockets.

The State Department last month quietly warned the company, Thales Alenia Space, that export licenses needed by its U.S. suppliers might be denied, absent greater cooperation in an

Feb 9, 2012

US squeezes French-led satellite maker over China

WASHINGTON, Feb 9 (Reuters) – The United States has
threatened action that could disrupt a French-led satellite
maker’s supply chain, spurred by suspicion that it illegally
used U.S. know-how or parts in spacecraft launched by Chinese
rockets.

The State Department last month quietly warned the
company, Thales Alenia Space, that export licenses needed by its
U.S. suppliers might be denied, absent greater cooperation in an
investigation of the matter, a department email obtained by
Reuters showed.

Feb 3, 2012

U.S. plans $2.8 billion upgrade of F-16 fighter

WASHINGTON (Reuters) – The U.S. Air Force said Thursday it plans a $2.8 billion upgrade of about 350 of its aging F-16 multi-role fighter planes to help offset slower purchases of the next-generation F-35 Joint Strike Fighter.

The work, running into the 2020s, will extend the service life of select F-16 airframes. Other upgrades include advanced radar, sensors, cockpit display, electronic warfare and communications capabilities, the service said.

Jan 26, 2012

Pentagon cuts reshape military, trim costs

WASHINGTON, Jan 26 (Reuters) – The Pentagon unveiled a
2013 budget plan that would cut $487 billion in spending over
the next decade by eliminating nearly 100,000 ground troops,
mothballing ships and trimming air squadrons in a bid to create
a smaller, agile force with a new strategic focus.

The funding request, which includes painful cuts that will
be felt across the country, comes at a historic turning point
for the military as it winds down 10 years of war in Afghanistan
and Iraq and shifts its strategic focus to the Asia-Pacific
region and the Middle East.

Jan 26, 2012

Pentagon cuts reshape military while trimming costs

WASHINGTON (Reuters) – The Pentagon unveiled budget cuts on Thursday that would slash the size of the U.S. military by eliminating thousands of jobs, mothballing ships and trimming air squadrons in an effort to shift strategic direction and reduce spending by $487 billion over a decade.

The funding request, which includes painful cuts for many states, sets the stage for a new struggle between President Barack Obama’s administration and Congress over how much the Pentagon should spend on national security as the country tries to curb trillion-dollar budget deficits.

Jan 19, 2012

Lockheed bows to Boeing’s missile defense contract

WASHINGTON, Jan 19 (Reuters) – Lockheed Martin Corp
(LMT.N: Quote, Profile, Research) said on Thursday it planned to forego any challenge to
the Pentagon’s $3.48 billion choice last month of Boeing Co
(BA.N: Quote, Profile, Research) to keep its decade-long role as prime contractor for the
U.S. long-range missile shield.
Lockheed, the Pentagon’s No. 1 supplier by sales, “does not
intend to protest the Missile Defense Agency’s decision for the
Ground-based Midcourse Defense Development and Sustainment
contract,” Lynn Fisher, a company spokeswoman, said by email.
“We will honor the decision that the Missile Defense Agency

(MDA) has made,” she added.

MDA is the Pentagon arm building a layered shield against
ballistic missiles that could be fired by countries like North
Korea and Iran. It said Dec. 30 that it was retaining Boeing as
prime contractor for the system’s hub with a $3.48 billion,
seven-year contract to develop, test, engineer and build out.

Jan 1, 2012

Analysis: U.S. fighter sales soar in time for campaign

WASHINGTON (Reuters) – Booming Middle East purchases of U.S. fighter jets will be a bright spot in what is expected to be a sluggish economy in 2012, possibly paying dividends for President Barack Obama’s bid for a second term.

Beneficiaries include Lockheed Martin Corp and Boeing Co, whose respective F-16 and F-15 production lines are being extended by U.S. government sales to Iraq, Saudi Arabia and Oman, among other rich arms deals announced in recent weeks.

Dec 31, 2011

U.S. in $3.5 billion arms sale to UAE amid Iran tensions

WASHINGTON (Reuters) – The United States has signed a $3.5 billion sale of an advanced antimissile interception system to the United Arab Emirates, part of an accelerating military buildup of its friends and allies near Iran.

The deal, signed on December 25 and announced on Friday night by the U.S. Defense Department, “is an important step in improving the region’s security through a regional missile defense architecture,” Pentagon press secretary George Little said in a statement.

Dec 29, 2011

U.S. Saudi fighter jet sale to help offset Iran

WASHINGTON (Reuters) – The United States will sell $29.4 billion in fighter jets to Saudi Arabia, in a deal the White House said would support more than 50,000 jobs and help reinforce regional security in the Gulf amid mounting tension with Iran.

The sale covers 84 new Boeing F-15 fighters with advanced radar equipment and digital electronic warfare systems plus upgrades of 70 older F-15s as well as munitions, spare parts, training, maintenance and logistics.