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National Defense March 2012 Sandra I. Erwin	Pentagon Budget Cuts Are Only Prelude to Future 'Grand Bargain' Politicians and think tanks have been hyperventilating over the $487 billion budget cut that the Pentagon will have to make during the next decade.
National Defense December 2013 Sandra I. Erwin	Budget Guessing Game: How Low Will It Go? As it became apparent that political dysfunction had replaced deliberate planning in Washington, John Hamre, CEO of the Center for Strategic and International Studies, called on the nation's policymakers to "define the bottom," and allow defense to resize accordingly.
National Defense August 2012 Sandra I. Erwin	War Over Defense Jobs Diverts Attention From Bloated Spending Each branch of the military owns multiple fleets of surveillance and armed drones, creating unneeded duplication.
National Defense October 2011 Sandra I. Erwin	Fears of the Incredibly Shrinking Defense Budget May Be Overblown A defense industry apocalypse is not here yet: Everyone in Washington is always in favor of savings in the abstract but when they see the particulars, they tend to get cold feet.
National Defense July 2012 Sandra I. Erwin	Pentagon Contractors Reach New Levels of Frustration With Obama White House Over the past nine to 10 months, corporations have begun to lose confidence in government, and executives are faulting the president for not doing more to untangle the current morass that could leave many contractors sinking in the muck.
National Defense September 2012 Lawrence P. Farrell Jr.	Sequester Fight Continues as Details Emerge and SecDef Amps Up Rhetoric As the potential impact of sequestration begins to settle in -- and details of its impact begin to emerge -- Defense Secretary Leon Panetta is elevating his rhetoric.
National Defense April 2015 Arnold L. Punaro	The Case for Repealing Sequestration This year will either be a turning point away from sequester levels or the ship of state will crash head on into the sequester iceberg resulting in a titanic disaster.
National Defense September 2013 Lawrence P. Farrell Jr.	Sequester Impact: More Than Meets the Eye The downside to falling unemployment is that total employment remains down, and as a percentage of the workforce it is at a historic low. But pundits generally agree that this sequester thing has been overstated and overblown.
National Defense March 2015 Sandra I. Erwin	In Budgets as in War, Hope Is Not a Strategy Wishful thinking has been taken to new heights in this year's Pentagon budget. The hope is that Congress will somehow make peace after years of partisan trench warfare.
National Defense May 2013 Lawrence P. Farrell Jr.	New Budget Spells More Uncertainty for DoD President Barack Obama sent to Congress a proposed defense budget of $526.6 billion for fiscal year 2014. That top line, however, ignores the fact that it would be subject to a $52 billion sequester cut, as Congress mandated in the Budget Control Act of 2011.
National Defense October 2014 Sandra I. Erwin	Golden Age of Federal Contracting Is Over Washington has dealt crushing blows to the national security establishment. There are no predictable budgets for the Pentagon to map out its weapons wish list, or for contractors to project their future business.
National Defense August 2013 Sandra I. Erwin	Forecast Calls for Stormy Business Climate Bad news keeps piling up for Pentagon contractors. In the past six months alone, the defense-contracting sector has been buffeted by draconian budget cuts and by proposed new rules.
National Defense March 2014 Sandra I. Erwin	In '15 Budget, Red Flags for Contractors If defense industry CEOs can draw any conclusion from the Pentagon's 2015 budget proposal it is that, except for the too-big-to-fail joint strike fighter, most of the military's modernization plan is on shaky ground.
National Defense December 2012 Sandra I. Erwin	Defense Drawdown: It's Been All Talk, Now It's Time to Walk U.S. military spending peaked in 2010 at $668 billion. It has dropped slightly since then, as the military started withdrawing troops from Iraq and Afghanistan. But real austerity has yet to come.
National Defense February 2014 Sandra I. Erwin	Defense Downturn Should Be Manageable The defense industry lobby made a strategic miscalculation by using job-loss scare tactics in the fight against Pentagon budget cuts.
National Defense March 2012 Sandra I. Erwin	The Coming Decade: A Slowdown In Spending, but No 'Procurement Holiday' Even under the worst-case scenario, defense budgets in the coming decade will be larger than they were in the last year of the Bush administration.
National Defense May 2012 Berteau & Murdock	Defense Department Must Prepare for Deeper Budget Cuts The post-election bargaining over taxes and government spending will be intense and hard-fought. The Defense Department needs to make it clear to all the players what the real consequences for the nation's security are of ill-considered, deep cuts to a defense budget that is already on the decline.
National Defense September 2011 Sandra I. Erwin	As Pressure Grows to Cut Spending, the True Cost of Weapons Is Anyone's Guess A decade of soaring Pentagon spending is coming to an end, and it is leaving behind considerable fiscal wreckage.
The Motley Fool November 18, 2011 Rebecca Lipman	Defense Stocks: Which Stocks Are Vulnerable to Budget Cuts? Will the market start dumping these names if defense spending is cut?: BE Aerospace... Breeze-Eastern... Esterline Technologies... Honeywell International... Hexcel... Teledyne Technologies...
National Defense November 2006 Sandra I. Erwin	Industry Fortune Tellers See a Mix of Boom and Bust For the defense industry, depending on whom you talk to, these are the best of times, and the worst of times.
National Defense August 2012 Lawrence P. Farrell Jr.	Support for U.S. Troops Should Always Rise Above Partisan Politics Heated debate continues over the impact of $1 trillion in automatic spending cuts to the federal budget that could begin next year.
National Defense October 2013 Lawrence P. Farrell Jr.	Defense Budget Picture Begins to Take Shape Major adjustments will be required across the defense community -- the military services, agencies, commands and industry. Significant decisions are becoming harder and harder to duck.
National Defense June 2013 Sandra I. Erwin	Contractors Face Fight-or-Flight Decisions The defense industry has only just begun to feel the sequester bite. Most of the top players continue to prosper even in a down market. Many companies in mid and lower tiers of the defense supply chain will likely be either financially unable or unwilling to weather the storm.
National Defense March 2011 Sandra I. Erwin	Budget May Be Safe For Now, But Weapon Makers Should Worry If the current discourse over defense spending were a self-help bestseller, it would be titled, "How to Live in Denial About Being Broke."
National Defense August 2013 Lawrence P. Farrell Jr.	Can Washington Get Us Back on Track? The origins of the current fiscal and political crisis that is affecting the defense community can be traced back to the months following the 9/11 terrorist attacks when the United States began to gear up for two major wars.
National Defense January 2015 Arnold L. Punaro	New Leadership a Boost to National Security The new leadership of the Armed Services and Appropriations Committees will build on the already strong bipartisan record of supporting a strong national security.
National Defense March 2013 Sandra I. Erwin	A Fresh Perspective on Government Waste Amid the screaming and gnashing of teeth over the looming cuts is the inconvenient reality that government -- and the Pentagon more than any other agency -- is bloated and now might be an opportune time to put it on a crash diet.
National Defense April 2013 Lawrence P. Farrell Jr.	In the Grips of Crises Abroad and at Home When considering the nation's budget problems at home -- how do we fund increasingly expensive government programs, keep faith with all promises and underwrite U.S. security and worldwide commitments? The answer is that we cannot do it all.
National Defense January 2012 Lawrence P. Farrell Jr.	Some Clarity on Budgets Emerges, But Industrial Base Outlook Remains Murky The Defense Department will be submitting the fiscal year 2013 budget that meets the first set of spending caps mandated by the August Budget Control Act.
BusinessWeek February 24, 2011 Roxana Tiron	Defense Contractors Brace for the Big Squeeze Defense contractors may be in for cutbacks similar to the squeeze that occurred after the end of the Cold War.
National Defense May 2012 Lawrence P. Farrell Jr.	Budget Pressures Beg for a Serious Look at Overhauling Acquisition System Perhaps it is time to go back to the future by doing things the way we did them in the past, when the chiefs and the military leadership were deeply involved in all aspects of equipping the service -- in requirements, in budgeting for equipping and training.
National Defense November 2012 Lawrence P. Farrell Jr.	Fiscal Cliff Watch: Running Out of Time to Fix the Mess If the House and Senate fail to act in the coming weeks, massive federal spending cuts will kick in Jan. 2. That is when the automatic sequester -- scheduled by law to implement phase two of the Budget Control Act of 2011 -- becomes effective.
National Defense December 2013 Lawrence P. Farrell Jr.	Sequester Causing Lasting Damage to Defense Sequestration, if continued on present course, will result in serious damage and degradation to U.S. military capability and to our national security writ large.
National Defense March 2013 Lawrence P. Farrell Jr.	DoD Needs a Real Budget, Not a Partial Fix As the budget standoff continues on Capitol Hill, it is almost certain that sequester soon will be upon the nation. Automatic, across-the-board budget cuts will affect discretionary spending government wide. But everyone wonders how it will all be sorted out.
National Defense March 2014 Sandra I. Erwin	Acquisition Business Reaches Inflection Point Acquisition flops over the past decade have put the fear of God into Pentagon leaders who now face the added pressure of having to ensure programs perform in a zero-tolerance environment, and with budget cuts to boot.
National Defense September 2010 Sandra I. Erwin	Plans to 'In-Source' Contractor Jobs Collide With Fiscal Reality As he unveiled a new wave of austerity measures at the Defense Department, Secretary Robert Gates made a striking acknowledgment: Replacing contractors with government employees does not really save money.
National Defense December 2015 Sandra I. Erwin	Mighty Pentagon Can't Deny Market Forces Market forces are such that the Defense Department could be headed toward a future of greater dependence on fewer and increasingly more powerful monopolies.
National Defense June 2011 Sandra I. Erwin	Cries of 'Hollow Military' Stifle Rational Debate on Future Spending President Obama has called for $400 billion in Pentagon cuts over the next 12 years, and to some defense officials and lawmakers, this is just the opening salvo of a campaign to tear down the U.S. military.
Chemistry World March 11, 2013 Rebecca Trager	Retreating from meetings? US government scientists and technical experts could soon find themselves unable to travel to scientific meetings now that the much-anticipated automatic budgetary cuts, known as sequestration, became effective in the US on 1 March.
National Defense November 2010 Sandra I. Erwin	Defense Downturn Sets Off Mergers, And a Search for Non-U.S. Customers The defense industry is wasting no time to maneuver into position for the coming downturn in spending.
National Defense November 2013 Sandra I. Erwin	Companies See Bright Spots in Bleak Market There are still companies that have the stomach to invest in defense. Some actually view these tough times as an opportunity to win new business.
The Motley Fool June 30, 2010 Rich Smith	Pentagon to Defense Contractors: We've Got Your Back As Defense Secretary Robert Gates reiterated plans to cut in excess of $100 billion from Pentagon spending over the next five years, they also try to reassure that they're not out to hurt anyone -- least of all investors.
National Defense November 2012 Sandra I. Erwin	More Than Money, Defense Needs Compelling Narrative Pentagon watchers already are warning that this is no time for business as usual, considering the domestic political climate and the fiscal crunch that could put defense spending in the cross hairs of a future deficit-reduction deal.
National Defense July 2012 Lawrence P. Farrell Jr.	Sequestration Looming: Defense Should Be Prepared for All Possible Scenarios If no further legislative action is taken before January, the Budget Control Act directs a reduction of $97 billion in discretionary federal spending for fiscal year 2013. The calculations work out to $42 billion from domestic programs and $55 billion from defense.
National Defense May 2012 Sandra I. Erwin	Industry Recalibrating Strategies For a Declining Defense Market The defense market is shaping up to become a Darwinian world where winning contracts will be a matter of life or death for many companies.
National Defense February 2014 Lawrence P. Farrell Jr.	We Have a Budget Deal: What Comes Next? The passage of the Bipartisan Budget Act of 2013 gave the Defense Department some relief from the sequester and some breathing room to adjust its spending beyond fiscal year 2015 to fit within the budget caps that Congress mandated in 2011.
National Defense January 2006 Lawrence P. Farrell	We Must Prepare for Defense Budget Crunch Substantial growth in defense spending after 9/11 gave the Pentagon's budget a reprieve. The day of financial reckoning, however, may fast be approaching if the current state of the nation's balance sheet offers any clues.
The Motley Fool November 18, 2011 Morgan Housel	Here, You Fix the Budget By next Wednesday, a group of politicians dubbed the "supercommittee" has to come up with a plan to slash federal deficits by at least $1.2 trillion over the next decade.
Chemistry World January 17, 2014 Rebecca Trager	Mixed US budget news for research The US Congress has passed a budget for 2014 that reverses some of the automatic 'sequester' cuts that went into effect in March 2013 and increases the budgets of most science agencies.
National Defense September 2015 Sandra I. Erwin	Management Shakeup Looms at Defense When a new secretary of defense takes the helm at the Pentagon at the outset of the next administration, he or she will have to deal with a potentially chaotic staff reorganization that Congress signed into law.