The Joint Strike Fighter — a new, high-tech jet known as the F-35 — is way over budget and years behind schedule. Yet Congress has not moved to clip its wings.
The Paris Air Show is one of the world’s largest aviation and defense showcases. The U.S. pavilion is always the biggest, and typically attracts an entourage of American governors and members of Congress. But in this age of budget cuts, scrutiny on the costs will be high.
American troops are on the way out of Afghanistan, but the Washington Post reports that much of their gear, some $7 billion worth, won't be coming home with them.
Drones are a hot topic these days and the industry is heating up to potentially become big. What's the payoff and what other industries might suffer for it?
The Department of Defense wants to spend nearly $200 million to upgrade facilities at Guantanamo Bay. President Obama wants to shut it down for good. We take a look at the numbers behind the planet's most expensive prison.
Virginia's Republican Governor, Bob McDonnell, says he supports federal spending cuts, including to defense spending, but that the sequester isn't balanced.
The long-term nature of defense contracts shields the industry from short-term sequester disruptions in areas of the country that depend on military spending, such as St. Louis.
