This week, Defense Secretary Leon Panetta held a news conference on defense budget cuts at the Pentagon. “The military will be smaller and leaner, but it will be agile, flexible, ready and technologically advanced; it will be cutting edge,” he told reporters. The U.S. Army will be reduced from 547,000 active-duty soldiers to 490,000, while the U.S. Marine Corps will be cut to 182,000.
This week, U.S. Defense Secretary Leon Panetta removed the F-35B short take-off-and-vertical-landing (“STOVL) from probation. The F-35B had been placed on probation last year after it was troubled by schedule delays and cost overruns. Though there may not be significant production ramp-ups, the F-35B variant has caught up with the Air Force and Navy versions of the aircraft.
Last week, we attended the premier conference for offensive cyber operations and training. It drew federal and commercial professionals from all around the world who are 100% focused on the offense at the source code level. There is no change to our sector view based on the conference—we continue to believe there is tremendous investment opportunity in developing and acquiring offensively-based cyber capability.
After two years in development, the OMB officially released the Federal Risk and Authorization Management Program (FedRAMP). This program standardizes security requirements for federal agencies procuring cloud computing solutions and for contractors that sell these solutions. Agency CIOs must adhere to FedRAMP beginning June 2012.
This week, Defense Secretary Leon Panetta announced that the U.S. will withdraw two combat brigades from Europe. In a press release from the Department of Defense, Panetta declared two permanently stationed Army combat brigades will be replaced with rotational units in order to retain a strong presence in the region.
This week, President Obama unveiled a new plan for defense spending and strategy officially titled: Sustaining Global Leadership: Priorities for 21st Century Defense. The plan outlines more than $487 billion in cuts and ultimately calls for a “leaner” and more “agile” military that uses smaller conventional ground forces amid cuts in federal spending.
This week, the U.S. State Department announced a $29.4 billion sale of Boeing-made F-15 fighter jets to Saudi Arabia under the Foreign Military Sales program. The agreement includes 84 new aircraft, the modernization of 70 existing aircraft, as well as missiles, spare parts, training, maintenance and logistics.
This week, House and Senate Appropriation Committees passed a $1 trillion-plus 2012 omnibus spending measure, including $531 billion for the Pentagon’s base budget. In total, the appropriations bill provides the Defense Department with $518 billion for its base budget, plus $13 billion for military construction, for a total of $531 billion. In addition, the bill includes $115 billion for Overseas Contingency Operations (OCO), $2.8 billion below the president’s request and $43 billion below last year.