{"id":1704,"date":"2013-06-13T10:13:44","date_gmt":"2013-06-13T16:13:44","guid":{"rendered":"http:\/\/peaceeconomyproject.org\/wordpress\/?p=1704"},"modified":"2013-06-13T10:13:44","modified_gmt":"2013-06-13T16:13:44","slug":"pentagon-releases-report-on-sequestration-cuts-effects","status":"publish","type":"post","link":"https:\/\/peaceeconomyproject.org\/wordpress\/pentagon-releases-report-on-sequestration-cuts-effects\/","title":{"rendered":"Pentagon Releases Report on Sequestration Cuts\u2019 Effects"},"content":{"rendered":"

by Tony Capaccio, Bloomberg
\nclick here for original article\u00a0<\/span><\/a><\/p>\n

The Pentagon sent Congress a report providing details of $37 billion in sequestration cuts affecting defense contractors from\u00a0Lockheed (LMT)<\/a>\u00a0Martin Corp. to\u00a0Huntington Ingalls Industries Inc. (HII)<\/a><\/p>\n

The report, provided yesterday and required by the current year\u2019s defense appropriations measure, lists the amounts that Congress appropriated for the Pentagon\u2019s 2,500 programs, project and budget activities, and shows how much each will be reduced by the automatic spending reductions that took effect March 1.<\/p>\n

\n
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The Air Force\u2019s $2.5 billion to buy 19 F-35 jets made by Lockheed reflects a sequestration cut of $503 million, according to the report. The Navy\u2019s final $808 million to buy four carrier-model F-35s incorporates a $157 million cut, and its $1 billion for six Marine Corps short-takeoff-and vertical landing fighters reflects a $146 million reduction.<\/span><\/div>\n<\/div>\n<\/div>\n

While the report doesn\u2019t spell out the number of weapons cut in each program, defense companies will be able to use the report to determine \u201cwhat funding is available for that particular program for the fiscal year,\u201d John Roth, the Pentagon\u2019s deputy comptroller for programs and budgets, said in an interview.<\/p>\n

The purpose is to provide Congress a baseline of Pentagon funding that defense committees will review as they consider a Pentagon reprogramming request to move $9.6 billion between categories and mostly into readiness accounts.<\/p>\n

V-22, Drones<\/h2>\n

In other weapons cuts, the Navy\u2019s $1.3 billion appropriation to buy 18 additional V-22 Osprey tilt-rotor aircraft from\u00a0Boeing Co. (BA)<\/a>\u00a0and Bell Helicopter\u00a0Textron Inc. (TXT)<\/a>\u00a0reflects an $18 million reduction.<\/p>\n

The Air Force\u2019s final $82 million on 717 laser-guided Lockheed Hellfire missiles fired by Predator and Reaper drones incorporates a cut of $313,000.<\/p>\n

On shipbuilding, the $1.74 billion Congress approved for construction of Littoral Combat Ships made by Lockheed and\u00a0Austal Ltd. (ASB)<\/a>\u00a0reflects a cut of $43.6 million, and $437 million provided as a down payment on DDG-51 destroyers built by Huntington Ingalls and\u00a0General Dynamics Corp. (GD)<\/a>\u00a0reflects a $28 million reduction.<\/p>\n

The $3 billion for two additional Virginia-class submarines made by Huntington Ingalls and General Dynamics reflects a $227 million reduction.<\/p>\n","protected":false},"excerpt":{"rendered":"

by Tony Capaccio, Bloomberg click here for original article\u00a0 The Pentagon sent Congress a report providing details of $37 billion in sequestration cuts affecting defense contractors from\u00a0Lockheed (LMT)\u00a0Martin Corp. to\u00a0Huntington Ingalls Industries Inc. (HII) The report, provided yesterday and required by the current year\u2019s defense appropriations measure, lists the amounts that Congress appropriated for the […]<\/p>\n","protected":false},"author":1,"featured_media":1705,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[166],"class_list":["post-1704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-defense-budget"],"acf":[],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/peaceeconomyproject.org\/wordpress\/wp-content\/uploads\/2013\/06\/images3.jpeg?fit=197%2C256&ssl=1","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/peaceeconomyproject.org\/wordpress\/wp-json\/wp\/v2\/posts\/1704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peaceeconomyproject.org\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/peaceeconomyproject.org\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/peaceeconomyproject.org\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/peaceeconomyproject.org\/wordpress\/wp-json\/wp\/v2\/comments?post=1704"}],"version-history":[{"count":1,"href":"https:\/\/peaceeconomyproject.org\/wordpress\/wp-json\/wp\/v2\/posts\/1704\/revisions"}],"predecessor-version":[{"id":1706,"href":"https:\/\/peaceeconomyproject.org\/wordpress\/wp-json\/wp\/v2\/posts\/1704\/revisions\/1706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/peaceeconomyproject.org\/wordpress\/wp-json\/wp\/v2\/media\/1705"}],"wp:attachment":[{"href":"https:\/\/peaceeconomyproject.org\/wordpress\/wp-json\/wp\/v2\/media?parent=1704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/peaceeconomyproject.org\/wordpress\/wp-json\/wp\/v2\/categories?post=1704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/peaceeconomyproject.org\/wordpress\/wp-json\/wp\/v2\/tags?post=1704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}