3/12/2009

The Defense Department is looking to shave 2% to 3% from this year's $181.2 billion weapons procurement budget, according to Kevin Scheid, the Pentagon's deputy comptroller. The cuts in fiscal year 2010 would be a prelude to deeper cuts in 2011, based on the findings of the Quadrennial Defense Review, due for completion in August.

Full Story:
Forbes

Related Summaries