The Pentagon is taking a long-term, Warren Buffett-like interest in seeing that U.S. defense companies are profitable as it prepares to meet President Barack Obama ’s goal of cutting $400 billion from military spending over the next 12 years, according to William Lynn , the U.S. deputy secretary of defense.
Spending on cyber security may be one of the few areas to gain as the Pentagon prepares to meet President Barack Obama ’s goal of cutting $400 billion in defense spending over the next 12 years, said William Lynn , the U.S. deputy secretary of defense.
Foreign hackers stole 24,000 U.S. military files in a single attack on a defense contractor in March in one of the Pentagon’s worst cyber attacks, Deputy Defense Secretary William Lynn disclosed today.
The Pentagon is protecting itself from “open-ended” cost overruns on Lockheed Martin Corp.’s F-35 jet, such as the $918 million estimated on the first three production contracts, Deputy Defense Secretary William Lynn told lawmakers last month.
Improved cooperation since 2001 among U.S. special operating forces, intelligence and law enforcement, more than any new piece of equipment, was the reason for the successful commando raid that killed Osama bin Laden , the Defense Department’s No. 2 official said today.
The U.S. Defense Department is planning to spend $500 million to research new cyber security technologies including cloud computing and encrypted data processing, Deputy Defense Secretary William Lynn said today.