Friday, November 04, 2005

Pentagon Under the Knife

Its official now. From the Washington Post:

The military services have been ordered to cut $32.1 billion from their projected spending plans for the next five years as part of government-wide belt-tightening forced by rising war costs, a growing deficit and hurricane-relief spending.
The order came in a Oct. 19 memo from Gordon R. England, the acting deputy secretary of defense, to the leadership of the Army, Navy and Air Force, according to a senior defense official. The newsletter Inside the Pentagon reported on the memo yesterday.


Whats on the list? According to this, big ticket items:

...such as Lockheed Martin Corp.'s F-35 Joint Strike Fighter and the DD(X) destroyer being developed by Northrop Grumman Corp. The military's procurement and research and development programs, from which defense companies most of their profits, are considered vulnerable, especially those that are behind schedule or over budget.