Budget Ax To Fall At Lockheed, Northrop | 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 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.20.16

Airborne Hi-Def On YouTube

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.20.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

Wed, Jan 05, 2005

Budget Ax To Fall At Lockheed, Northrop

DOD Wants To Chop $30 Billion Over Six Years

This could get ugly -- word of plans that the Pentagon wants to cut $30 billion out of the budgets of companies like Lockheed-Martin and Northrop-Grumman. Those two companies would reportedly bear the brunt of cuts to weapons systems across the board.

But of those cuts, InsideDefense.com and Reuters report about $18 billion would come out of Lockheed's pocket. All the cuts were defined in a Program Budget Decision signed by Deputy Defense Secretary Paul Wolfowitz, according to Reuters.

But the White House, under the pressure of mounting budget deficits, is looking to cut spending government-wide, according to the reports. Among the cuts:

The USAF would get fewer F/A-22s than originally called for. Production of the Raptor would reportedly end in 2008, after delivery of 180 aircraft. The Pentagon originally wanted 277 of the stealthy planes.

The Pentagon would also end production of the Lockheed C-130J in an effort to save approximately $4.9 billion.

The Joint Common Missle would be cut, saving $2.3 billion, according InsideDefense.com.

The F-35 Joint Strike Fighter would be spared in the search for cuts -- at least for now.

"If reductions do occur, most would not take effect for several years and, in the case of the FA-22 for example, we believe the aircraft will prove its value," Lockheed spokesman Thomas Jurkowsky told Reuters.

Northrop would be hit by deep cuts in the submarine program, as well as the next-generation destroyer project and others.

Boeing would lose out in a shuffling of the Missle Defense Agency. Boeing and Bell/Textron would see a major reduction in production of the V-22 Osprey. The Pentagon proposes cutting production of that line by 22 aircraft, according to Reuters.

FMI: www.defenselink.mil

Advertisement

More News

Icon Controversy Continues, But Icon Has Yet To Speak Up

The Company That Won't Answer Questions, May Finally Have To Do So ANN has been bombarded with info and reports concerning the health and well-being of the Icon Aircraft program...>[...]

Airborne 05.24.16: Cessna S/E Turbo-Prop, GE’s H75 Turboprop, Sonex B-Models

Also: B-29 Doc Airworthy, Aero-Calendar, Charles Taylor, Boeing-Vietjet, Flexjet Buy, Indian Mini-Shuttle, 777X Composite Wing Center Textron Aviation has finally revealed further >[...]

AeroSports Update: EAA AirVenture – What To Do…Where To Go?

Make The ‘EAA Four Corners’ Your First Stop At EAA AirVenture Oshkosh 2016 Even for those of us who have attended EAA AirVenture many times, when you first walk onto th>[...]

ANN's Daily Aero-Linx (05.25.16)

The Medallion Foundation The Medallion Foundation, a non-profit aviation safety organization, embraces mentors and advocates for all aspects of aviation: Student pilots to airline >[...]

ANN's Daily Aero-Term (05.25.16): Resolution Advisory

A display indication given to the pilot by the traffic alert and collision avoidance systems (TCAS II) recommending a maneuver to increase vertical separation relative to an intrud>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC