02/01/2010-According to Dow Jones, Monday the Obama administration said it has targeted $10.3 billion in savings in fiscal 2011, more than half of which will be garnished by cutting the National Aeronautics and Space Administration's Constellation rocket program and Boeing's C-17 transport plan, while an alternative engine for Lockheed Martin's Joint Strike Fighter is expected to save an additional $475 million.
The Pentagon has tried to cut funding for the C-17 since 2007, determining that it had purchased more than enough aircraft to meet its needs, but Congress has continued to fund the purchasing program, including $2.5 billion in fiscal 2010.
Similarly, the Pentagon has been trying unsuccessfully to cancel funding for the Joint Strike Fighter engine for several years, since it is no longer considered necessary to prepare for a failure of the main engine. |