The Defense Department has insulated its weapon system modernization accounts from a five-year, $78 billion cut imposed on military spending by the White House during the fiscal year 2012 budget endgame, allowing the services to retain $100 billion in efficiencies garnered since June by cutting overhead activities to bolster procurement and force structure accounts. Defense Secretary Robert Gates today announced the results of the efficiencies initiative he launched last May as well as key elements of the Defense Department's fiscal...
