Political Capital

Posts tagged: Defense spending


A U.S. M1A2 SEP Abrams battle tank fires live rounds in Pocheon, South Korea.

Photograph by Chung Sung-Jun/Getty Images

A U.S. M1A2 SEP Abrams battle tank fires live rounds in Pocheon, South Korea.

Army Tanking Tanks: General Dynamics Battles for $230 Million

From Bloomberg Government’s Congress Tracker: Emboldened by last year’s success — when Congress agreed to spend $90 million on upgraded battle tanks the Pentagon didn’t want — General Dynamics Corp. is asking for more. The Falls Church, Virginia-based company, is...

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A visitor sits in the cockpit of a Lockheed Martin Corp. F-35 Lightning in Farnborough, U.K.

Photograph by Chris Ratcliffe/Bloomberg

A visitor sits in the cockpit of a Lockheed Martin Corp. F-35 Lightning in Farnborough, U.K.

Bloomberg By the Numbers: $8.4 Billion

The Defense Department announced $8.4 billion in contract awards in January, the lowest level in at least 22 months, according to data compiled by Bloomberg. That was 66 percent less than December. The previous low was $12.1 billion in contracts...

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U.S. Army soldiers attached to 2nd platoon, C troop, 1st Squadron (Airborne), 91st U.S Cavalry Regiment, 173rd Airborne Brigade Combat Team operating under NATO sponsored International Security Assistance Force (ISAF) looks through his rifle as a Medevac helicopter takes off during a patrol near Baraki Barak base in Logar Province on Oct. 13, 2012. T

Photograph by Munir uz Zaman/AFP via Getty Images

U.S. Army soldiers attached to 2nd platoon, C troop, 1st Squadron (Airborne), 91st U.S Cavalry Regiment, 173rd Airborne Brigade Combat Team operating under NATO sponsored International Security Assistance Force (ISAF) looks through his rifle as a Medevac helicopter takes off during a patrol near Baraki Barak base in Logar Province on Oct. 13, 2012. T

Defense Cuts: Unavoidable, Despite GDP Contraction Pinned on Defense?

Written with Richard Rubin Just as the U.S. gross domestic product is taking a hit from lower defense budgets, federal spending cuts viewed as unthinkable a few months ago — $1.2 trillion falling heavily on the Pentagon — are seen...

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A U.S. military transportation vehicle at the Port of Beaumont upon return from deployment overseas.

Photograph by Aaron M. Sprecher/Bloomberg

A U.S. military transportation vehicle at the Port of Beaumont upon return from deployment overseas.

Defense Cuts, More Around the Cliff — Add That, `Budgeteers’

Don’t forget about the other sequester. While all eyes are on the so-called fiscal cliff, a second round of automatic spending cuts, one that will carve $11 billion out of the Pentagon’s budget, is set to kick in shortly after...

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An Oshkosh Corp. M-ATV vehicle.

Photograph by Oshkosh via Bloomberg News

An Oshkosh Corp. M-ATV vehicle.

Oshkosh Unfazed by Defense Cuts — Icahn’s Bid is Another Story

Alarm bells aren’t ringing at Oshkosh Corp. over automatic spending cuts set to begin early next year, the head of the company’s defense unit says “We’re not overconfident, but we’re not panicking either,” John M. Urias, president of Oshkosh Defense,...

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A U.S. Army gunner in the turret of an armoured vehicle scans the surrounding grounds during a mounted patrol in the village of Sanjeray in Kunar's Pech Rive Valley.

Photograph by Sebastiano Tomada/Sipa USA via AP Images

A U.S. Army gunner in the turret of an armoured vehicle scans the surrounding grounds during a mounted patrol in the village of Sanjeray in Kunar's Pech Rive Valley.

U.S. Defense Cuts = `Dire Straits,’ Obama Campaign Adviser Says

The United States would be in “very dire straits” and forced to redraw its national security strategy, if the Pentagon’s budget is cut by $500 billion over the next decade, according to Michele Flournoy, an Obama campaign adviser. President Barack...

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The Pentagon building in Arlington, Va.

Photograph by AFP/Getty Images

The Pentagon building in Arlington, Va.

Bloomberg by the Numbers: 14 pct

That’s the share of Virginia’s gross domestic product that stems from defense spending, according to a Bloomberg Government study. Virginia is the state most dependent on military spending, followed by Hawaii and Alaska, the November report found. Policymakers in Virginia...

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U.S. Marine Sgt. Jordan Hintz from Baker Company of the 1st battalion 7th Marines Regiment looks through his scope while on patrol in Sangin on June 10, 2012.

Photograph by Adek Berry/AFP/Getty Images

U.S. Marine Sgt. Jordan Hintz from Baker Company of the 1st battalion 7th Marines Regiment looks through his scope while on patrol in Sangin on June 10, 2012.

Obama, Romney: `American Century’

Updated at 4:15 pm EDT It’s a sign of the “political season,” President Barack Obama said today, that anyone is talking about cutting defense spending at year’s end. “Let’s stop playing politics with our military,” Obama said in an address...

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