For two years the Defense Department calculated the value of weapons as new, rather than used, and now says it has a small fortune on hand.
By Lee Ferran and Ashley RoqueARLINGTON: Across-the-board budget cuts have already forced the Army to “mortgage our near- and mid-term modernization,” the service’s vice chief of staff warned this morning. If the mandatory spending cuts known as sequestration occur in 2016 they could “push our volunteer force to the breaking point” by undermining trust between leaders and led. “We face a very real…
By Richard WhittlePARIS: Every American defense company here wants to sell more weapons to foreign buyers in the Middle East and in Asia as they seek to compensate for flat or declining sales in the United States. Every European defense company wants to sell more weapons to foreign buyers in the Middle East and in Asia as…
By Colin ClarkWASHINGTON: Some of Chuck Hagel’s best friends in the defense world offered him a compelling report on how to save almost as much as the $500 billion that the Budget Control Act will force him and his successors to cut over the next decade. The wonderful title of the report, “The Seven Deadly Sins…
By Colin Clark