Defense

July 18, 2012

Sequestration threatens fiscal 2013 funds, official says

by Amaani Lyle
American Forces Press Service

While current Defense Department contracts funded with fiscal year 2012 dollars remain unaffected by sequestration, the looming threat of the budget-cutting maneuver means funding for all DOD contracts in fiscal year 2013 is at risk of being cut, Pentagon Press Secretary George Little told reporters today.

Little responded to questions about the fate of DOD contracts once sequestration, set to occur in January, cuts an additional $500 billion in defense funding beyond DOD’s previously agreed upon $487 billion. The automatic budget cuts, part of legislation last year that raised the U.S debt ceiling, is set to slash spending across the federal government unless Congress intervenes.

“Sequestration cuts would not affect current contracts funded with fiscal 2012 dollars, that is, obligated funds,” Little said. “Anything put on contract between now and Sept. 30 – the end of the fiscal year – would also not be affected.”

But funding for all defense contracts put into place between Oct. 1 and Jan. 1, Little said, would be subject to sequestration as called for by the Budget Control Act.

“We are obviously assessing the potential impacts of sequestration; we are not planning for sequestration,” Little said. “But clearly we do need to take a look at contracts and take that into account should sequestration go into effect.”




All of this week's top headlines to your email every Friday.


 
 

 

Headlines August 1, 2015

News: Marine F-35 jets deemed ready for combat – A small batch of the highly anticipated – and much criticized – F-35B Joint Strike Fighter jets have been approved for combat by the U.S. Marine Corps.   News: Reports: China to sell J-10 fighter to Iran, Syria? – Iran is rumored external link to be buying 150...
 
 

News Briefs August 3, 2015

Russian military helicopter crashes during air show, one dead A Russian military helicopter crashed Aug. 2 during an aerobatic display, killing one of its crewmembers and injuring another, the Defense Ministry said. The Mi-28 helicopter gunship was part of a flight of helicopters performing aerobatics at the Dubrovichi firing range in Ryazan region, about 170...
 
 
Army photograph by John Andrew Hamilton

Improved Multiple Launch Rocket System tested at White Sands Missile Range

Army photograph by John Andrew Hamilton A Multiple Launch Rocket System with an improved armored cab fires a training rocket during a test. The rockets were simple training rockets and not equipped with a warhead, but still gen...
 

 

Missile Defense Agency, Raytheon demonstrate SM-6’s new anti-ballistic missile defense capability

In a first-of-its-kind test, the U.S. Navy fired a Raytheon Standard Missile-6, intercepting and destroying a short-range ballistic missile target at sea. The successful U.S. Missile Defense Agency test proved a modified SM-6 can eliminate threat ballistic missiles in their final seconds of flight. “SM-6 is the only missile in the world that can do...
 
 

Northrop Grumman-developed stealthy data link validated as combat ready with U.S. Marine Corps

the U.S. Marine Corps achieving F-35B initial operating capability, the Multifunction Advanced Data Link waveform developed by Northrop Grumman has been proven a key combat-ready capability of the F-35 Lightning II program. MADL is a high-data-rate, directional communications link that allows fifth-generation aircraft to communicate and coordinate tactics covertly. During testing of the Lockhee...
 
 

Lockheed Martin technology helps pilots, UAS operators share data, stay safe

As Unmanned Aircraft Systems take to the skies, it is essential for safety that UAS operators and pilots are aware of each other. To help provide this shared situational awareness, Lockheed Martin has deployed the first components of a UAS traffic management system that is available to the UAS community now. Lockheed Martin’s online Flight...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>