Search This Blog

Friday, November 25, 2011

Virginia-class sub program likely to survive

Virginia-class submarineThe Virginia-class submarine program is likely to stay on track despite the failure of the congressional "supercommittee" to deal with the nation's budget deficit, experts say. But the building of a new class of submarines could be derailed.

This week's breakdown of the Joint Select Committee on Deficit Reduction will trigger automatic, across-the-board spending cuts of $1.2 trillion - with half coming from the Defense Department - in January 2013 unless lawmakers reach some sort of agreement before then.

Defense Secretary Leon Panetta has said such cuts would render most of the Pentagon's ship and construction projects "unexecutable."

Read more

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.