Reuters – President Barack Obama unveiled a defense strategy on Thursday that would expand the U.S. military presence in Asia but shrink the overall size of the force as the Pentagon seeks to slash spending by nearly half a trillion dollars after a decade of war. Read the rest of this entry »
AP – The Boeing Co., for decades the brand that helped support Wichita’s claim as the aviation capital of the world, announced Wednesday it will shut down facilities in the city by the end of 2013 and send work to plants in three other states as it deals with defense spending cutbacks. Read the rest of this entry »
AP – The Pentagon on Tuesday answered an Iranian warning to keep U.S. aircraft carriers out of the Persian Gulf by declaring that American warships will continue regularly scheduled deployments to the strategic waterway. Read the rest of this entry »