Defense Secretary Leon Panetta believes that the US would face “hollowing out” its military if the “sequester mechanism” actually comes into play. Panetta told reporters Sept. 20, during a briefing on the DADT repeal, that the Defense Department could trim another $450 billion over the next 10 years, but it is “not going to be an easy process” and will inevitably “force us to take on greater risk.” However, if the “potentially devastating mechanism known as sequester” takes effect, forcing additional cuts, it would “seriously weaken our military, and it would really make us unable to protect this nation.” Additionally, said Panetta, the sequester would affect our economic strength. “Cancellation of weapon systems, construction projects, research activity would seriously cripple our industrial base,” he said, adding, that “would be unacceptable not only to me as Secretary of Defense but to our ability to be able to maintain the best defense system.” (DOD transcript)
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.