Top commanders believe the financial meltdown will have a serious impact on future Pentagon spending.
Top commanders believe the financial meltdown will have a serious impact on future Pentagon spending.
Even before the crisis on Wall Street, little appetite for growth in military spending was anticipated, at a time when the Pentagon’s annual base budget has reached $500 billion.
A lawsuit against ATK Thiokol over military flares may raise questions about the reliability of military contractors and the safety of their products.
The extensive list contains some familiar American companies like Blackwater and DynCorp, but also many obscure firms from places as far-flung as Uganda.
A disputed decision about refueling tankers for the Air Force will wait until the next administration.
The contractor, whose provision of private security in Iraq has come under scrutiny, may have improperly obtained $100 million in contracts meant for small businesses.
The Pentagon reopened bidding for a $35 billion Air Force tanker contract after a first attempt that featured bitter competition between Northrop Grumman and Boeing.
The Pentagon reopened bidding for a $35 billion Air Force tanker contract after a first attempt that featured bitter competition between Northrop Grumman and Boeing.
The military contractor said it earned $426 million, or $1 a share, in the quarter, down from $1.33 billion, or $2.97 a share, in the year-earlier period.
Whatever the outcome of the reopened$35 billion competition for midair refueling tankers for the United States Air Force, there will be winners and losers on both sides of the Atlantic.