Secretary of Defense Chuck Hagel has revealed the results a four-month Strategic Choices and Management Review, He said the Pentagon would cut overhead by almost $40 billion more over the next decade, and was looking at $50 billion in savings from compensation. He said the review also pointed to possible reductions of up to 70,000 troops from the U.S. Army's active force, and up to 65,000 from the Army reserves.
The Department of the Navy will begin to virtualize its services and hopes to achieve total server virtualization by 2017, in an effort to cut costs. The service has been active in cutting IT costs in the wake of Defense budget cuts.
Defense Secretary Chuck Hagel says service members will have to share in the pain of sequestration if the automatic budget cuts continue into next year. In a Pentagon press briefing Wednesday, Hagel laid out a "menu of options" for dealing with sequestration in 2014 and beyond, including changes to military pay and benefits, consolidating headquarters staff and a potential modest reduction in military force structure.
While at this relatively early stage of the budget cutting process it's difficult to quantify exactly what the effects have been or will be, on this week's show we'll hear some preliminary takes from two people the defense industry very closely: Elana Broitman, principal deputy assistant secretary of Defense for manufacturing and industrial base policy, and Marion Blakey, the CEO of the Aerospace Industries Association.
House Small Business and Veterans Affairs committee members plan to introduce a bill Thursday to make the service-disabled veteran-owned small business program less cumbersome, confusing and more transparent.
As the first elements of sequestration's impact on the Defense industrial base begin to take shape, observers inside and outside the Pentagon worry about small businesses.
Blake Hall, co-founder of ID.me, will discuss how his company's electronic identification process, is helping veterans get the benefits they have earned. July 30, 2013
Deltek's Kevin Plexico and Scott Lewis of PS Partnerships, will talk about the challenges facing contractors in this tough budget environment. July 29, 2013
Frances Smith, a civilian Defense Department employee, is having problems making ends meet after furloughs trimmed her paycheck. "I'm wondering now, next week, how I'm going to even pay for my groceries," she told Federal News Radio.
While sequestration is impacting the aerospace industry, the biggest cuts resulted from the Budget Control Act of 2011 and reduced demand in the wake of military withdrawals, said Richard Aboulafia, aerospace analyst at the Teal Group.
FDIC IG Jon Rymer said if confirmed, sexual assault and suicide prevention will be top priorities.
FDIC IG Jon Rymer said if confirmed sexual assault and suicide prevention will be top priorities.
Ron Young, executive director of the Employer Support of the Guard and Reserve program and Phillip Selleh, program manager for the VA Accelerator, will discuss how their organizations are helping veterans when they return to or enter the civilian workforce. July 26, 2013
DoD officials briefed House Armed Services members about 2013 furloughs and are figuring out whether they can reduce the number of days employees have to take without pay.
On today's Pentagon Solutions, sponsored by DRS Technologies, Francis Rose discusses Quadrennial Defense Review with Doug Wilson, senior fellow in residence at the Truman Project and Center for National Policy.