The Air Force may be planning to divest more than 1,400 airplanes over the next five years, with a net reduction of more than 1,000 after new ones are added in, a Nebraska Senator said in a budget hearing April 7. The Air Force would ...
With many lawmakers already pushing to increase the top line of the Pentagon’s fiscal 2023 budget, top defense officials acknowledged April 5 that their budget request was based off inflation rates that were “incorrect.” At the same time, they argued, the $773 billion request would ...
Budget compromises driven by the need to modernize two-thirds of the nuclear triad forced Air Force leaders to cut planned F-35 purchases in 2023 to just 33—15 fewer than it bought in fiscal 2022 and 27 fewer than 2021, said Lt. Gen. David S. Nahom, ...
The Pentagon is asking Congress for $773 billion in fiscal 2023, releasing a budget request March 28 highlighted by inflation, a classified new National Defense Strategy, and a continued focus on China as the pacing challenge while categorizing Russia as an “acute” threat. All told, ...
U.S. Northern Command boss Gen. Glen D. VanHerck, who has pushed for the Pentagon to allocate more resources to the Arctic region in its annual budget, hopes to see a “significant” funding boost for domain awareness in 2023. Speaking before the Senate Armed Services Committee ...
Late on the evening of March 10, the Senate passed a massive omnibus spending bill to fund the federal government for the rest of fiscal 2022, sending it to President Joe Biden for his signature. For the Defense Department, in particular, the bill will provide ...
Concern over inflation has impacted the Pentagon’s planning for the fiscal 2023 budget request, the Defense Department’s top financial official said March 9. But the budget is “substantively” complete, and space figures to be a foundational part of it, Comptroller Mike McCord said at the ...
More than five months after the fiscal year began, Congress unveiled its 2022 spending bill for the Pentagon and the rest of the federal government in the early hours of March 9, with a proposed boost for defense spending.
The Biden Administration's inflation estimates will be the big story related to the fiscal 2023 defense budget submission, experts said in a streamed Center for Strategic and International Studies “budget preview” Feb. 7. The inflation estimates will either be greeted as realistic—and damning for the ...
The fiscal year 2022 budget will enter its fifth month under a continuing resolution in February, the product of a record-setting latest ever budget release by the Biden administration in May 2021. Meanwhile, the president’s fiscal year 2023 budget request is unlikely to meet a ...
The Air Force has taken the first step toward a rapid acquisition of Boeing’s E-7A Wedgetail airborne warning and control aircraft to replace the aging E-3 Sentry Airborne Warning and Control System, or AWACS, according to an Oct. 20 business opportunity announcement. The Wedgetail, which ...