Friday, January 7, 2011

Gates announces major cuts in defense budget - News - Stripes

Gates announces major cuts in defense budget - News - Stripes: "Defense Secretary Robert Gates on Monday announced sweeping cuts and a significant shift in priorities for next year’s defense budget, with more money for servicemembers and federal employees but less for some major defense contractors.

Calling his plan a “reform budget,” Gates said he would eliminate the $11 billion VH-71 Presidential Helicopter program, end production of the F-22 Raptor at 187 aircraft, negotiate less expansive ways to build three DDG-1000 destroyers and drop the $87 billion vehicle portion of the Army’s Future Combat Systems program."

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