Pentagon officials seem to have settled on a number—between $13 and $15 billion—to be slashed from the Fiscal 2007 defense budget, according to Defense News. Sources told the Washington weekly the dire news, adding that tens of billions more cuts would follow in other years. Officials expect to see the 2007 split for each service in November.
Boeing Claims Progress on T-7 and Other Challenged Programs
April 25, 2025
Boeing appears to have become to overcome the problems that led to billions in losses on fixed-price defense contracts in recent years, point the company back toward profitabily, says Boeing president and CEO Kelly Ortberg.