June 11 (Bloomberg) -- Huntington Ingalls Industries Inc. says the shell of the USS Gerald Ford aircraft carrier it is building is 75 percent complete. The project's 2015 delivery date could be in jeopardy, however, if automatic defense-spending cuts set to take effect in January are implemented. The defense industry has launched a lobbying campaign to stave off the cuts, which would reduce the U.S. defense budget by $55 billion a year through 2021 unless lawmakers agree on a way to cut debt by $1.2 trillion over a decade. Bloomberg's Britton Staniar reports. (Source: Bloomberg)
U.S. Navy Bets $42 Billion on Carriers in China’s Sights -- Bloomberg
The U.S. Navy is betting $42 billion on a new class of aircraft carriers, the world’s biggest and costliest warships ever, even as the Pentagon budget shrinks and China and Iran arm themselves with weapons to disable or destroy the behemoths.
The Navy says the new carriers -- rising 20 stories above the water, 1,092 feet (333 meters) long, moving at 30 knots (35 miles per hour) with almost 5,000 Americans on board -- can project U.S. power around the globe.
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MILITARY AND INTELLIGENCE NEWS BRIEFS
Syrian Army is Capable Military Force, Say Experts -- Voice of America
Get ready to go to Afghan front line, British Army tells sacked officers -- The Telegraph
Iranian Missile Engineer Oversees Chavez’s Drones -- Danger Room
Indian Minister Rejects Charges Connected With Sub Deal -- Defense News
Uncle Sam’s Sale: M1 Tanks for Morocco -- Defense Industry Daily
U.S., Russian Leaders Agree to Maintain Antimissile Talks -- Global Security Newswire
U.S., New Zealand Sign Defense Cooperation Accord -- Defense News
Pentagon aims to be proactive in countering terror threat in Africa -- Washington Times
Strategic airlift crews fight an exhausting war in anonymity -- Stars and Stripes
MRAP nears end of the road in military strategy -- Military Times
FFG retirements raise doubts about drug war -- Military Times
Air Force spy planes facing postwar cut -- Space War
Report: Drones top list of accident-prone aircraft in the Air Force -- The Hill
Pentagon Lists 110 Potential Drone Bases in U.S. -- Secrecy News
The US Blew $2 Billion On This Huge Missile Defense System It Now Plans To Cancel -- Business Insider
House Dems demand White House veto of defense budget -- The Hill
Lockheed CEO Draws Grim View Of Sequestration Effects; Can't Tell Workers Jobs Will Survive -- Aol Defense
Lockheed’s comprehensive Q&A on the F-35 -- DoD Buzz
Northrop Grumman Awarded ICBM Cryptography Air Force Contract -- Space Daily
Army Renewable Energy Commitment is Serious: Hammack Details Program -- Aol Defense
UAVs at home raise fear of surveillance society -- Military Times
Essex CO fired, command issues cited -- Navy Times
Seven US soldiers face punishment for notorious Koran burning... but they escape criminal charges -- Daily Mail
Feds: Soldier charged $10M in purchases to Army, then sold goods -- Stars and Stripes/Orlando Sentinel
Employers see spike in complaints by returning veterans -- MSNBC
Exercises demonstrate Global Strike flexibility, capability -- Defence Talk
What is Air-Sea Battle? -- Information Dissemination
US Military Deaths in Afghanistan at 1,883 -- ABC News/AP
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