Rapid Fire Evening 2011-06-14: FY12 Appropriations

Rapid Fire Evening 2011-06-14: FY12 Appropriations

* The House Appropriations Committee approves the FY12 Defense Appropriations legislation. The bill contains $530 billion in non-emergency funding, an increase of $17 billion over last year’s level, but $9 billion below President Obama’s request. The...
Rapid Fire Evening 2011-06-14: FY12 Appropriations

Rapid Fire: Morning 2011-06-14

* The US Congressional Budget Office’s (CBO) report [PDF] on policy options for unmanned aerial systems (UAS) estimates that DoD plans to acquire 730 UAS based on designs currently in operation, while also improving the unmanned aircraft already in service will...
Rapid Fire Evening 2011-06-14: FY12 Appropriations

DoD Cybersecurity Spending: Where’s the Beef?

24th Air Force(click to view full) As the US defense budget is seeing targeted cuts, one area that seems to be getting more money is cybersecurity. The US military has announced plans to spend billions on technology to secure its networks. In response to this shift in...
Rapid Fire Evening 2011-06-14: FY12 Appropriations

Rapid Fire: Evening 2011-06-13 | MoD’s Major Projects Review Board

* Fitch Ratings grades Lockheed Martin’s financial status as ‘A-‘. The ratings are supported by such factors as Lockheed Martin’s competitive position in the defense sector and growth prospects for several large programs. F-35 program...