The U.S. Department of Defense (DoD) previewed a Fiscal Year 2013 budget submission on January 26 that slows procurement of the F-35 Joint Strike Fighter, terminates the Global Hawk Block 30 and retires some C-5As and C-130s. The $613 billion DoD budget will be submitted to Congress in February with the federal budget.
New Generation Bomber
December 23, 2011 - 9:30am
In mid-December the U.S. Congress authorized $662 billion in defense spending for fiscal 2012, trimming $27 billion from President Obama’s request in probably the last budget before deeper, more painful, cuts are required by the Budget Control Act passed in August.
