Cutbacks In Defense Spending Spell Trouble For Raptor, Lightning II | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.15.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.15.15

 

Fri, Mar 16, 2007

Cutbacks In Defense Spending Spell Trouble For Raptor, Lightning II

Big-Ticket Jet Fighters Take Back Seat To Troop Needs

Congressional Democrats have made it clear they want to curb spending on defense programs. That may be a problem for contractors like Lockheed Martin, which handles two of the US Air Force's highest-ticket items -- the F-22 Raptor and F-35 Lightning II Joint Strike Fighter.

In an analysis released this week, the director of the Arms Trade Research Center at the World Policy Institute, Bill Hartung, says trends indicate defense spending is about to tumble, relative to levels just five years ago.

Hartung notes contractors have collected more than twice the amount of money since President George W. Bush took office -- from $144 billion in fiscal year 2001, to $294 in FY2006.

But last year, the amount of spending increased only 8.7 percent -- the smallest since Bush took office. And that was before Democrats took control of the House and Senate, running on a policy of reduced spending.

"I think we're coming to the end of the boom," he said in an interview with the Dallas Morning News. "The Iraq war will, I think, increasingly deal with nuts and bolts, not big-ticket weapons systems, and there's already some talk about reducing spending on things like the F-22 and Joint Strike Fighter to make room for spending on troop increases."

There is some good news for defense contractors. Hartung expects the drop in spending to impact roughly five percent of the 3,000,000 defense-related jobs -- a far cry from the drastic cuts experienced in the early 1990s, in the aftermath of the Cold War. The analyst adds programs like the Raptor will probably be cut back -- but won't be dropped entirely.

"It's hard to imagine them eliminating a big program like that, but they could certainly cut the number or stretch out the procurement cycle little longer than they already have," Hartung said.

FMI: www.worldpolicy.org/projects/arms/, www.lockheedmartin.com

Advertisement

More News

Airborne 05.21.15: Unlawful Photography? REALLY?, VA Flt Benefits, Pilatus 5M

Also: Aerion Takes Orders, API Partner EAA, 'Fly Along' Case Resolved, BASE Jump Tragedy, Electromagnetic Catapult, Gulfstream G650ER, Piper M500 With the FAA still stuck in the mu>[...]

AD: Airbus Helicopters (Previously Eurocopter France) Helicopters

AD NUMBER: 2015-10-05 PRODUCT: Airbus Helicopters (previously Eurocopter France) Model AS365N3, EC155B, and EC155B1 helicopters with an external life raft in the footsteps with cer>[...]

ANN's Daily Aero-Linx (05.22.15)

MILAVIA MILAVIA, military aviation, is what you are going to find here! The site starts with modern combat aircraft, focusing on main fighters, ground attack aircraft and bombers t>[...]

ANN's Daily Aero-Term (05.22.15): Flap Deflection Angle

The angle between the deflected flap and the chord line.>[...]

Aero-News: Quote Of The Day (05.22.15)

“The restrictions that the town has adopted, by its own calculations, would prohibit a significant share of all airport operations.” Source: Excerpt from a complaint co>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC