 INDUSTRY TRENDSDecember 2012Sunday, December 16, 2012Government NewsWashington Post Boehner offers debt-ceiling increase in cliff compromiseHouse Speaker John A. Boehner has offered to push any fight over the federal debt limit off for a year, a concession that would deprive Republicans of leverage in the budget battle but is breathing new life into stalled talks over the year-end "fiscal cliff." See more Thursday, December 13, 2012Government NewsFederal News Radio Sequestration worse than thought, Pentagon fretsWhen it comes to describing the consequences of sequestration on national security, Defense leaders haven't held back on strong adjectives over the past year. See more Wednesday, December 12, 2012Government NewsUSA Today Obama, Boehner trade new fiscal cliff offersPresident Obama and House Speaker John Boehner, R-Ohio, have exchanged new proposals to avert the year-end "fiscal cliff," but agreement on a final deal that can pass Congress remains elusive with less than three weeks remaining to reach an accord. See more Tuesday, December 11, 2012Government News, Top StoriesFlying Magazine Groups Warn Fiscal Cliff Could Impact AviationWith the clock ticking to avoid a year-end fiscal cliff, aviation leaders are warning that sharp cuts in the federal budget could have a long-lasting ripple effect through the aviation community. See more Tuesday, December 11, 2012Government NewsDefense News U.S. Senators: 'A Lot' of Progress on Defense Authorization BillLawmakers working on a final version of the 2013 Pentagon policy bill could finish the legislation as soon as Wednesday. See more Monday, December 10, 2012Government News, Top StoriesPolitico Cuts looming, no answer in sight for sequestrationThe defense industry tried its hardest to energize voters - and Congress hasn't undone sequestration. See more Thursday, December 6, 2012Government NewsBloomberg Defense Industry Cuts Exceed 500,000 Workers Over CliffJohn Lutz is following the debate in Washington over the so-called fiscal cliff with more than academic interest. See more Wednesday, December 5, 2012Government NewsDefense News Pentagon Begins Planning for SequestrationThe Pentagon has officially begun planning for how it would carry out the first $50 billion across-the-board spending cut as part of the 10-year, $500 billion sequestration cuts set to take effect Jan. 2. See more Tuesday, December 4, 2012Government NewsAviation Week Defense Industry CEOs Acknowledge Inevitability Of Additional Pentagon CutsIn reiterating their call to White House and congressional leaders to prevent steep budget cuts from taking place in January, defense executives are now publicly acknowledging that additional defense spending reductions and tax increases will have to be part of the solution. See more Tuesday, December 4, 2012Government NewsBloomberg Senate Passes $631 Billion U.S. Defense LegislationThe Senate passed unanimously a measure authorizing $631.4 billion for U.S. defense programs this fiscal year that sticks to President Barack Obama's proposed spending total while drawing a veto threat with its policy provisions. See more Tuesday, December 4, 2012Government NewsReuters Senate unanimously passes defense spending billThe Senate voted 98-0 on Tuesday to approve a wide-ranging defense bill that authorizes $631.4 billion in funding for the military, the war in Afghanistan and nuclear weapons. See more Tuesday, December 4, 2012Government News, Top StoriesReuters TV Hundreds of jobs to go if sequester ax falls - Pratt & Whitney's HessEngine maker Pratt & Whitney's president David Hess tells Reuters his firm, a unit of UTC, would see substantial job losses if Congress goes over the ''fiscal cliff'', triggering deep defense cuts on January 1. See more Monday, December 3, 2012Government NewsCNBC Defense Sequestration Is 'Irrational': Pratt & Whitney CEOThe across-the-board defense cuts that are part of the looming "fiscal cliff" of spending cuts and tax increases would unnecessarily jeopardize national security, David Hess, president of United Technologies' Pratt & Whitney, told CNBC's "Street Signs" on Monday. See more Monday, December 3, 2012Government News, Top StoriesBloomberg Defense Industry CEOs on Fiscal Cliff, SecurityDavid Hess, president of United Technologies Corp.'s Pratt & Whitney unit speaks about U.S. defense spending, the potential impact of automatic budget cuts on the economy and national security, and the outlook for the industry. See more Monday, December 3, 2012Government NewsAOL Defense Defense Execs Say Deeper DoD Budget Cuts, Higher Taxes OKTop executives from four major defense and aerospace firms sent a message to Congress and the Obama administration today. See more November 2012Thursday, November 29, 2012Government NewsThe Hill White House threatens veto of defense billThe veto threat in the Obama administration's Statement of Administration Policy (SAP) released Thursday is not as strong as the one made during last year's bill that led to a drawn-out fight over indefinite detention provisions. See more Wednesday, November 28, 2012Government NewsFlight International Top Pentagon official believes sequestration can be avertedThe Pentagon's top procurement official is confident that the Congressional sequestration manoeuvre mandated by the Budget Control Act can be averted before it goes into effect on 2 January, 2013. See more Wednesday, November 28, 2012Government NewsForeign Policy Sequester Shadow Play: The EpilogueStill girded for battle, defense industry chief executives such as Wes Bush, CEO of Northrop Grumman, and David Hess, president of Pratt & Whitney, will make their case against defense cuts on December 3 at the National Press Club. See more Monday, November 26, 2012Government NewsAir Force Times Senate still working out plans for defense billThe Senate will not have full-blown floor debate on the 2013 defense authorization bill unless an agreement is reached this week on how to handle amendments, Senate Majority Leader Harry Reid, D-Nev., said Monday as Congress returned from a Thanksgiving break. See more Monday, November 26, 2012Government NewsThe Hill Dems, GOP signal room for compromise ahead of 'fiscal cliff' talksAs they return to Washington this week, lawmakers from both parties are talking compromise to avoid the impending "fiscal cliff," showing a willingness to put once inviolable positions on the negotiating table. See more Wednesday, November 21, 2012Government NewsHartford Courant Fiscal Cliff Negotiations Injecting Uncertainty Into State's Defense IndustryThe state's defense contractors are closely watching negotiations in Washington as the nation approaches the fiscal cliff, but many say the uncertainty about possible cuts have left them unable to plan properly for what might come next. See more Wednesday, November 21, 2012Government NewsThe Atlantic How to Cut the Military Budget Without Touching DefenseThese endeavors are all financed by the Department of Defense's $629 billion annual budget, in what one senator depicts as a spending free-for-all that adds to the federal deficit while diverting resources from genuine military needs. See more Tuesday, November 20, 2012Government NewsPolitico Defense industry cautiously upbeat on sequesterSo far, this fall's lame-duck congressional session has been stuffed with sensationalism, but defense insiders are confident that a defense authorization bill and sequestration won't fall by the wayside. See more Sunday, November 18, 2012Government NewsFox News Defense cuts now taking backseat in budget negotiationsThe dire warnings that major defense cuts next month will eliminate thousands of U.S. jobs and create other economic problems have practically disappeared from eleventh-hour discussions in Washington on how to avert the cutbacks. See more Sunday, November 18, 2012Government NewsDefense News Sequestration Or Not, U.S. Firms, DoD Will Take a HitEven if the U.S. Congress is able to hammer out a debt deal that avoids sequestration in January, the resulting agreement will likely result in billions of dollars in additional cuts to the Defense Department. See more Thursday, November 15, 2012Government NewsDefense News Report: DoD Could Save Billions With New Military StrategyThe U.S. Defense Department could save hundreds of billions of dollars if it revamps its military strategy and makes its forces more expeditionary, according to a new think tank report. See more Wednesday, November 14, 2012Government NewsDOD Buzz Pentagon unveils latest acquisition crusadeThe Pentagon's top acquisition official is fed up with how long it takes the military to develop vehicles, weapons and equipment. See more Tuesday, November 13, 2012Government NewsPolitico Report: Obama considers Kerry to take over DoDIf President Barack Obama asked John Kerry to become secretary of defense for his second term, he would bring a seasoned foreign policy hand into the Cabinet but a major question mark into the Pentagon. See more Monday, November 12, 2012Government NewsWashington Post Obama considering John Kerry for job of defense secretaryPresident Obama is considering asking Sen. John F. Kerry (D-Mass.) to serve as his next defense secretary, part of an extensive rearrangement of his national security team that will include a permanent replacement for former CIA director David H. Petraeus. See more Friday, November 9, 2012Government NewsFederal News Radio Next few weeks critical to defining Defense Department in second Obama termIn some ways, a second Obama term is likely to mean some degree of continuity in the Defense Department. See more Thursday, November 8, 2012Government NewsPolitico DOD wants Congress to face cost squeezeNo matter what happens in the lame-duck session of Congress as a newly reelected Barack Obama begins to negotiate with Republicans about sequestration, the Pentagon has a whole other set of politically difficult hurdles waiting just around the bend. See more Monday, November 5, 2012Government NewsReuters Pentagon arms buyer sees deal by Congress to delay spending cutsThe Pentagon's top arms buyer on Monday said he expected U.S. lawmakers to agree in coming weeks to delay implementation of an additional $500 billion in automatic defense spending cuts that are due to start taking effect in January. See more Monday, November 5, 2012Government NewsPolitico Report: Sequestration may not come to passThe major shock waves from sequestration are avoidable - at least for the first few weeks. See more Thursday, November 1, 2012Government NewsDefense News Odierno Outlines Combat, Budget StrategiesCritics of tax credits for wind energy projects are intensifying their push to kill the incentive with a study that calls it "rent seeking" by an established industry that doesn't need the subsidy. See more October 2012Thursday, October 25, 2012Government NewsPolitico W.H.: Sequester talks after electionPresident Barack Obama wants to get into negotiations to resolve sequestration and the fiscal cliff "right after the election," a senior White House adviser told reporters on Wednesday. See more Wednesday, October 24, 2012Government News, Top StoriesWashington Post Defense contractors report mixed results as they gird for 'fiscal cliff'The nation's largest defense contractors reported mixed financial results Wednesday as the companies continue to take steps to safeguard against possible federal budget cuts associated with the "fiscal cliff." See more Tuesday, October 23, 2012Military Aviation, Government NewsExecutive Gov Report: Frank Kendall Memo Seeks Industry Help in Shaping Post-F35 EraDefense Acquisition Undersecretary Frank Kendall sent a memo to industry seeking ideas on how to prepare for the next era of military aviation after the retirement of both the F-35 and F-22 fighters, Bloomberg reports. See more Monday, October 22, 2012Military Aviation, Government News, Top StoriesReuters Budget fears cast shadow over U.S. Army trade showContinued uncertainty about future U.S. military budgets cast a shadow over this year's big U.S. Army trade show. See more September 2012Thursday, September 13, 2012Government NewsPolitico Industry details losses of looming cutsAmerica's corporate defense giants have wailed for months about the prospect of what they see as devastating across-the-board spending cuts. See more Thursday, September 13, 2012Government NewsGovernment Executive Lawmakers scramble to stop sequestrationLawmakers are busy trying to delay or avoid altogether the threat of across-the-board budget cuts early in 2013. See more Wednesday, September 12, 2012Government NewsDefense News White House Issues Veto Threat Of Sequestration BillThe White House on Sept. 12 issued a sharp veto threat of a bill tailored to avoid Pentagon budget cuts slated to take effect in January. See more Tuesday, September 11, 2012Government NewsDefense News McCain To Obama: Call White House Sequestration SummitThe top Republican on the U.S. Senate Armed Services Committee wants the president to call lawmakers to the White House for talks on avoiding deep defense and other federal spending cuts. See more Sunday, September 9, 2012Government NewsThe Hill Defense contractors hesitate over issuing layoff notices before electionThe major defense contractors are keeping their cards close to the vest on whether to issue mass layoff notices prior to the November elections. See more June 2012Saturday, June 23, 2012Government NewsDefenseNews Pentagon Tests New Way Of Estimating Program CostsThe Pentagon is putting its new weapons cost-cutting strategy to its first big test as it negotiates with Lockheed Martin over the price of the next batch of F-35 Joint Strike Fighters (JSF). See more Friday, June 22, 2012Government NewsThe Hill FAA chief Michael Huerta makes case for confirmationInterim Federal Aviation Administration chief Michael Huerta is making his case Thursday for a full term atop the national aviation agency. See more Thursday, June 21, 2012Government NewsBloomberg McCain Says Revenue Increase Possible to Stop Defense CutSenator John McCain, the senior Republican on the Senate Armed Services Committee, said a revenue increase may be possible to avoid the threat of automatic cuts known as sequestration. See more Thursday, June 21, 2012Government NewsThe Hill McKeon: Time to punt on defense cutsHouse Armed Services Chairman Buck McKeon (R-Calif.) on Thursday said Congress isn't "mature enough" to reach a deal to reverse automatic defense cuts, and suggested Congress should "kick it down the road" to resolve uncertainty. See more |
