By Phillip Swarts Feb. 22, 2016 The Air Force is asking for an increase of $1.3 billion to its main operating budget in fiscal 2017, but it doesn’t increase end strength, according to budget documents released Feb. 9. Top brass has requested $120.4 billion for FY2017, leaving Air Force end strength to about 490,000 airmen; the […]
By Sarah Sicard Jan. 14, 2016 Though Sen. Bernie Sanders advocates for spending cuts, he also supports the costliest program ever funded. Democratic candidate for president and Vermont senator, Bernie Sanders, seems to have contradictory policies regarding the Defense Department. Within his platform regarding the military, he suggests that the U.S. military spends too much […]
By Ben Armbruster Feb. 17, 2016 As we all know by now, Bernie Sanders is campaigning on a promise to change American politics in such a way that benefits the middle class and working families at the expense of corporate greed and influence. “I am asking you to be part of a political revolution,” Bernie told […]
By Col Michael W. Pietrucha, USAF May-June 2014 The Air Force intended eventually to replace much of the post-Vietnam fighter fleet with the F-35A. This stealthy aircraft possesses advanced technology and was intended to be no more expensive than the aircraft it was designed to supplant. The Air Force sought to buy 1,763 F-35As—the number required […]
By Bill French August 2015 The National Security Network (NSN) is pleased to release a new policy report, Thunder without Lightning: The High Costs and Limited Benefits of the F-35. According to our analysis, the F-35 lacks the capabilities to execute its primary mission, and costs too much relative to its predecessors. The Department of […]
By Zacks Equity Research February 10, 2016 The U.S. Department of Defense has announced that it plans to purchase fewer F-35 fighter jets from Lockheed Martin Corp. (LMT – Analyst Report) over the next five years, than it had originally planned. Pentagon’s Plans for the F-35 Jets Importantly, the Pentagon was forced to cut approximately […]
By Bryant Jordan Feb 09, 2016 The Air Force on Tuesday released a 2017 budget geared to rebalance the force and counter readiness problems resulting from years of deployments, personnel shortages and sequester-forced spending caps that have cut into modernization programs across the board. At $167 billion, the service’s budget is roughly $5 billion more […]
By Aaron Mehta December 14, 2015 ThePentagonexpectstomake“disproportionate” cuts to modernization and research and development funding in its fiscal 2017 budget request, while personnel and readiness remain stable, according to the department’s top acquisition official. Those cuts may well include a slowdown in F-35 production. Overall, the cuts could slow down the much ballyhooed “Third Offset” […]
By Larry Darrell Dec 3, 2015 Lockheed Martin Corporation’s (NYSE:LMT) F-35 project has come under renewed question, as the Pentagon mulls a reduction in its budget for fiscal year 2017 (FY17). The Congress is expected to propose some budget caps that might directly impact the F-35’s budget, as the government spreads its finances toward other […]
By Jeff Schogol November 10, 2015 The F-35 is going to eat up so much of the Air Force’s procurement budget going forward that the service will likely have to reduce the number of joint strike fighters it buys to pay for other things, such as the Long Range Strike-Bomber, experts said on Tuesday. As part […]