Apr 7

Gates urges 'reform,' cuts in US weapons programs 
    (AFP)

AFP – Defense Secretary Robert Gates outlined plans to “profoundly reform” US military spending, urging a scaling back of major weapons programs while boosting funds for counter-insurgency warfare. Read the rest of this entry »

Apr 6

Gates to present big cuts for US defense budget 
    (AFP)

AFP – US Defense Secretary Robert Gates on Monday was set to unveil a “fundamental shift” in the country’s military spending with recommended cuts in major weapons programs despite signs of stiff opposition from Congress and industry lobbyists. Read the rest of this entry »

Apr 6

Gates urges cuts in big US weapons programs 
    (AFP)

AFP – Defense Secretary Robert Gates on Monday said his recommended military budget would “profoundly reform” military spending, calling for cuts to major weapons programs such as F-22 fighter jets. Read the rest of this entry »

Feb 26

Costly US weapons face budget cuts under Obama 
    (AFP)

AFP – Hi-tech fighter aircraft, new warships and missile defense projects are all potential targets for big cuts in the US defense budget, as the American military faces a new era of limits under President Barack Obama. Read the rest of this entry »

Feb 25

Costly US weapons face budget cuts under Obama 
    (AFP)

AFP – Hi-tech fighter aircraft, new warships and missile defense projects are all potential targets for big cuts in the US defense budget as the American military faces a new era of limits under President Barack Obama. Read the rest of this entry »

Feb 18

U.S. to decide in weeks, Read the rest of this entry »

Feb 12

Russia cuts military spending: chief of staff 
    (Reuters)
Read the rest of this entry »

Jan 29

Boeing posts loss, announces 10,000 job cuts 
    (AP)

AP – Facing weaker air traffic and pressure on military budgets, Boeing Co. announced plans to cut 10,000 jobs after reporting a surprise fourth-quarter loss Wednesday. Read the rest of this entry »

Jan 5

Gazprom cuts supplies through Ukraine 
    (AP)

AP – Russia’s cutoff of natural gas to Ukraine was forcing several European countries to dip into reserves Monday, with Moscow tightening the tap even further. Read the rest of this entry »

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