The major deficit-reduction mechanism that the U.S. government adopted as law more than a year ago but never really intended to use, will nevertheless take effect on March 1 after political parties failed to reach agreement on cutting costs. “Sequestration” forces the Department of Defense to slash $46 billion from its budget through the end of the fiscal year in September, and some $500 billion over the next decade.
AIN Defense Perspective » March 1, 2013
March 1, 2013 - 10:35am
Contrary to recent speculation in the financial press, EADS has no intention of reviving the merger talks with BAE Systems that were aborted last October. “It’s not on our radar; we’re both moving on,” said Tom Enders, CEO of EADS. “All the stars were aligned last summer, or so we thought. But at least one proved to be missing,” he continued, in a reference to the German government’s opposition to the merger.
March 1, 2013 - 10:30am
After delays of nearly a year, the U.S. Air Force has selected Sierra Nevada Corp. and its partner Embraer Defense and Security for its light air support program (LAS).
March 1, 2013 - 10:25am
The air force commanders of both Russia and India have this month discussed the progress and future schedule of the fifth-generation Sukhoi fighter project. They are keen to have their own pilots evaluate the design so that they can take a decision on further funding for the project.
March 1, 2013 - 10:20am
The Indian Army has placed a $77 million order with Hindustan Aeronautics (HAL) for 20 Cheetal helicopters, a re-engined variant of the Aerospatiale SA 316B Lama that was built under license in India as the Cheetah. The order is a short-term measure for logistics support to the Indian troops on the Siachen Glacier because of delays to the twice-bid competition for 197 reconnaissance and surveillance helicopters (RSH).
