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>> THE PENTAGON Latest News

5 HOURS AGO - San Francisco Chronicle

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China plans to boost military budget by 10.1 percent in 2015

The Pentagon and global arms bodies estimate China's actual military spending may be anywhere from 40 to 50 percent more because the official budget doesn't include the costs of high-tech weapons imports, research and development, and other programs. Neighboring countries have come to expect Chinese defense increases, said Alexander Neill, a senior fellow for Asia-Pacific security for the International Institute ...

Tags: China plans to boost military budget by 10.1 percent in 2015,  The Pentagon Latest News

7 HOURS AGO - Wall Street Journal

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Pentagon Plans Cost-Plus Deal for New Bomber

The Pentagon has delayed awarding a new long-range bomber until the summer, and plans to retain much of the risk in the $90 billion program.

Tags: Pentagon Plans Cost-Plus Deal for New Bomber,  The Pentagon Latest News

8 HOURS AGO - Yahoo! News

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Budget cuts will force U.S. to revise defense strategy: Carter

By David Alexander WASHINGTON (Reuters) - Defense Secretary Ash Carter urged lawmakers on Wednesday to endorse plans for a Pentagon base budget that exceeds federal spending caps by $35 billion, saying another year of cuts would leave the military unable to execute U.S. defense strategy. Carter, speaking to the defense appropriations panel in the House of Representatives, said the president's ...

Tags: Budget cuts will force U.S. to revise defense strategy: Carter,  The Pentagon Latest News

11 HOURS AGO - Wall Street Journal

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Pentagon Likely to Use Cost-Plus Contract for New Bomber

The Pentagon expects to develop its planned new bomber with a cost-plus contract as part of its effort to manage a program that analysts expect to cost at least $80 billion, a senior U.S. Air Force official said.

Tags: Pentagon Likely to Use Cost-Plus Contract for New Bomber,  The Pentagon Latest News

11 HOURS AGO - San Francisco Chronicle

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Official says China to boost military budget by 10 percent

China also has disputes with several neighbors over territory in the South China Sea, where U.S. Director of National Intelligence James Clapper said last week that Beijing is expanding outposts as part of an "aggressive" effort to assert sovereignty. The Pentagon and global arms bodies estimate China's actual military spending may be anywhere from 40 to 50 percent more because ...

Tags: Official says China to boost military budget by 10 percent,  The Pentagon Latest News