Monday, January 25, 2010

Preview of Pentagon's 2011 Defense budget

Reuters was able to obtain a draft document for the D.O.D.'s fiscal 2011 defense budget, which will be officially released February 1st.  Here's how the new budget will affect Boeing:

* Termination of C-17 Globemaster III production line
* $2.5 billion in additional funding for EA-18G Growler
* At least five additional orders for F/A-18E/F fighter
* Additional orders for CH-47 Chinook to replace aircraft lost in battle
* Additional orders for AH-64 Apache to replace aircraft lost in battle
* Cancellation of Army's Future Combat Systems
* Scaling back on missile defense programs

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