Pentagon faces $20 billion budget cut for 2014, seeks funding flexibility

09/5/2013 | Reuters · Defense News

It's looking increasing likely that the Pentagon will be forced to cut about $20 billion from its budget in fiscal 2014, according to Frank Kendall, U.S. undersecretary of defense for acquisition, technology and logistics. Kendall told the Reuters Aerospace and Defense Summit that the Pentagon remains committed to support the $392 billion Lockheed Martin F-35 Joint Strike Fighter program, but that smaller programs are at risk of delays, deep cuts or cancellation. In a IDEEA-sponsored COMDEF conference speech, Kendall also noted that the Pentagon will seek more funding flexibility from Congress in a spending measure expected to be enacted at the end of this month.

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Reuters · Defense News

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