DoD obligates $142B from reconciliation bill before deadline, leaving billions subject to cuts
Any funding from last year's reconciliation bill left unspent by the Pentagon suffers an 8.3 percent cut known as sequestration as fiscal 2027 starts.
Any funding from last year's reconciliation bill left unspent by the Pentagon suffers an 8.3 percent cut known as sequestration as fiscal 2027 starts.
The Defense Department will be operating under a continuing resolution until lawmakers successfully pass a fiscal 2027 budget.
“Completing this transaction puts Powerus in a position to build at the scale our customers are asking for,” Powerus CEO Andrew Fox said.
Rep. Jim Himes, the top Democrat on the House Permanent Select Committee on Intelligence, sent a Sept. 28 letter to a defense trade group warning of a "likely" probe into the project.
Republicans are still pushing for a record-setting $1.5 trillion defense budget, but the way ahead on Capitol Hill is not yet clear.
The US military wants authorization to repair its systems without contractor support, which at the moment is easier said than done.
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“We are taking this opportunity to work with partners we have not worked with before, show them the products we have, and define what our path is to gaining share on those weapons,” CEO Kathy Warden told investors at the Morgan Stanley conference.
“We will not have a cold start to start production in [20]27. We will have assets rolling through. That said, even a company like ours can only do so much without procurement dollars,” said Erin Simpson, Anduril's vice president for strategy execution.
The Congressional Budget Office reported it would take "at least five years" to rebuild American munitions inventories.
“We’re thankful that we have a [continuing resolution] going into October [1], but I would really be more thankful if we had a budget,” said Chief of Space Operations Gen. Doug Schiess.
The big question facing DoD is what happens if the Traffic Coordination System for Space program is scrapped: is US Space Command left holding the space safety bag in perpetuity?
In exclusive comments to Breaking Defense, the Pentagon's comptroller acknowledged that some efforts may need to be pushed from FY27 into FY28 with help from lawmakers.
The request would also reroute money destined for an international counter-ISIS training program.
“If I were still in the building, I would say, ‘I'm probably screwed now,'" a former official told Breaking Defense.