Pentagon Slashes $30 Billion From Major Navy, Air Force, Missile Defense Programs

By Jason Sherman / January 2, 2005 at 5:00 AM
The Pentagon is preparing to ax nearly $30 billion from its spending plans over the next six years and deal significant blows to nearly its entire roster of major weapon programs. These cuts to big-ticket aircraft, ship and missile defense programs are accompanied by a $25 billion increase in spending for the Army over the same period, according to budget documents and sources. Defense analysts said these cuts -- significantly lower than the $10 billion a year reported earlier this...

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