President Obama signed into law H.R. 933, appropriations legislation that will fund the Defense Department and other government agencies through the remainder of the fiscal year. Obama inked the bill on March 26, announced the White House. His signature came one day before the expiration date of the budget continuing resolution under which DOD has been operating thus far in Fiscal 2013. H.R. 933 includes some $518.1 billion in baseline defense funding, $87.2 billion for overseas contingency operations, and $10.6 billion for military construction. It provides some leeway for the services to reprogram funds across accounts to ease the stresses of budget sequestration.
The Air Force and Boeing agreed to a nearly $2.4 billion contract for a new lot of KC-46 aerial tankers on Nov. 21. The deal, announced by the Pentagon, is for 15 new aircraft in Lot 11 at a cost of $2.389 billion—some $159 million per tail.