From NEWSMAX:
…President Barack Obama and the U.S. Congress agreed to a deal in August that requires as much as $450 billion in cuts to security-related spending over 10 years, compared with previous Pentagon projections.
Big U.S. defense contractors like Lockheed Martin Corp , Boeing Co and Northrop Grumman Corp are anxiously awaiting details of the Pentagon’s plans to gauge the impact on big weapons programs.
Senator Carl Levin, the Michigan Democrat who heads the Senate Armed Services Committee, told reporters after an earlier briefing by Panetta that he worried about the future of Lockheed’s F-35 Joint Strike Fighter program…
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EDITOR: Just who do we plan to invade next? And if we are not going to war with Russia or China, what difference does it make how modern are our aircrafts? Do we plan to use them to fly cover for intercontinental missiles as though they were the slow bombers of the Second World War?
The Chinese reportedly are concentrating on weapons that will sink aircraft carriers.
As if often mentioned, generals have a way of fighting the last war rather than the future war. Is this more about big profits from defense spending than protecting our nation?
