Pentagon To Save $259B By Shrinking Army, Slowing F35 Buys

Law360, New York (January 26, 2012, 7:24 PM EST) -- To save $259 billion over the next five years, Secretary of Defense Leon Panetta said Thursday that the U.S. military would reduce the number of active-duty troops and modify some weapons procurements, such as slowing the Pentagon's purchase of the expensive F-35 Joint Strike Fighter.

Panetta said the cuts, mandated by the Budget Control Act of 2011, had been balanced to manage risk and preserve military superiority, but left little room for modification from Congress. He said he looked to lawmakers for their support in passing...
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