After failing its first test back in 2011, the Raytheon-built SM-3 Block IB missile looks like it’s back on track, with yesterday marking the third successful test in a row, each against increasingly difficult targets launched from the Pacific Missile Range Facility on Kauai island in Hawaii. The SM-3 IB is the latest iteration of… Keep reading →
CAPITOL HILL: After you count up all the cuts and additions in the House Armed Services Committee’s mark-up of the Pentagon budget, the bill appears to authorize $554 billion for national defense (budget function 050).
At a time when the Pentagon faces the prospect of mandatory spending cuts of another $53 billion if sequestration happens right after the Jan.1 hangover, that’s $4 billion more than the president’s request of $550 billion and eight billion more than the maximum permitted by the Budget Control Act, $546 billion. Keep reading →