March 4 (Bloomberg) -- The Pentagon has offered little guidance to contractors that may be hurt by $46 billion in defense-spending cutbacks over the next seven months, even as a budget document showed the effect on procurement accounts that pay companies from Lockheed Martin Corp. to Raytheon Co.
Sequestration will be like nothing the U.S. Marine Corps has ever seen before in its 237-year history if the 10-percent automatic cuts kick in as planned on Friday.
WASHINGTON -- Defense Secretary Leon Panetta told Congress on Wednesday that if automatic government spending cuts kick in on March 1 he may be compelled to furlough the “vast majority” of the Defense Department's 800,000 civilian workers.
The hundreds of BAE Systems employees who repair ships when they sail into San Diego could disappear because of the Navy’s plans to potentially cancel maintenance work.
Sequestration and the continuing resolution threaten to cut major military programs across the United States, but it’s not all doom and gloom at Naval Base Coronado.
As the defense industry copes with Pentagon cutbacks, a U.S. trade official last week urged local military contractors to look abroad for more customers.
WASHINGTON (AP) — Senate Republicans on Thursday stalled the nomination of former GOP senator Chuck Hagel as the nation's next defense secretary over unrelated questions about President Barack Obama's actions in the aftermath of the deadly raid on the U.S. diplomatic mission in Libya.
LANGLEY AIR FORCE BASE, Va. (AP) — The Pentagon for the first time is considering scaling back the massive buildup of drones it has overseen in the past few years. It would be both to save money and to adapt to changing security threats and new areas of operation — such as east Asia — where drones are more likely to be detected and shot down.
WASHINGTON (AP) -- The automatic budget cuts due to go into effect next month are “the collateral damage of political gridlock,” a senior Pentagon official told a congressional committee Tuesday.
WASHINGTON (AP) -- The Pentagon is cutting its aircraft carrier presence in the Persian Gulf region from two carriers to one, the Defense Department said Wednesday, in a move that represents one of the most significant effects of budget cuts on the U.S. military presence overseas. The decision comes as Washington struggles to find a way to avoid sharp automatic spending cuts set to strike the Pentagon and domestic programs next month.
Despite the ongoing ban on federal travel, 10,000 people in the defense industry made it to San Diego for this year’s AFCEA West conference.
SAN DIEGO (AP) -- The commandant of the Marine Corps said the infantry side of the most male of all military branches is skeptical about how women will perform in their units, and some positions may end up closed again if too few females meet the physically demanding standards of combat.