Warnings on the Defense Budget

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The Associated Press reports that Senator Carl Levin, Senate Armed Services Committee Chairman, stated the FY10 Defense Budget will be cut back significantly. The ending of several major acquisition programs is expected. Not all of this will be a negative to the services if the cuts and funding is done appropriately. There will of course be fights in Congress to keep programs alive as they provide significant money and jobs for their districts. The other interesting thing that Levin said was that the budget would be delayed again hinting at significant discussions within the Pentagon and Obama administration.

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Tags: Acquisition, Mergers & Acquisitions, Corporate Law, Investment, Finance, Business Operations, Matthew Potter

Matthew Potter works supporting US Army aviation programs. He holds degrees in history as well as studying at the Defense Acquisition University. He has written for Seeking Alpha and at his own website, Defense Procurement News.

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