December 7, 2011 |
Boosted by an increase in sales, Monrovia-based drone maker AeroVironment Inc. exceeded analyst estimates and reported $6.6 million in second-quarter profit, a large increase over the same period a year ago. The company, which makes small hand-held drones for the Pentagon and charging systems for electric vehicles, posted $6.6 million in net income, or 30 cents a share, on Tuesday for the quarter ended Oct.29. That's compared with a profit of $262,000, or 1 cent a share, for the same period last year.
August 2, 2011 |
On July 25, while John A. Boehner raced around the Capitol desperately pressing Republican House members for votes on a debt ceiling bill that Harry M. Reid was calling dead-on-arrival in the Senate, the new U.S. ambassador to Afghanistan, Ryan C. Crocker, took his oath of office in distant Kabul. According to news reports, he then gave a short speech warning that Western powers should not "rush for the exits" in withdrawing from the war. In Afghanistan today, after almost a decade of U.S.-led war, there is no sign of a rush for the exits.
CALIFORNIA | LOCAL
August 13, 2001
During the presidential campaign, one of George W. Bush's boldest promises was to turn the U.S. military from a Cold War force into a flexible, modern one. It looks like he's trying to keep it. The result: chaos at the Pentagon. Secretary of Defense Donald H. Rumsfeld has thrown admirals, generals and Congress into an uproar with his sweeping look at reforming the institution. The quadrennial defense review that Rumsfeld is finishing up is required by Congress.
February 28, 1986 |
The Defense Department will be forced to trim 330,000 troops from the armed services unless Congress retreats from an order to reduce the military payroll, Pentagon officials warned Thursday. Faced with a congressionally imposed May 1 deadline to trim $2.9 billion from the Pentagon budget account devoted to pay for active-duty troops, reserves and retirees, the Defense Department has submitted two plans that would shave the retirement benefits given to future volunteers.
August 4, 2011 |
Defense Secretary Leon Panetta warned Thursday that deeper cuts in the defense budget risked hollowing out the military and would hamper Pentagon efforts to deal with rising powers such as China, North Korea and Iran. It was the second day in a row that Panetta issued a public warning to Congress not to go beyond the roughly $400 billion in defense cuts required over the next decade under the debt reduction bill signed this week by President Obama. Speaking to reporters at his first Pentagon news conference, Panetta called on Congress to raise tax revenue and cut mandatory spending programs, which include Medicare and Social Security, rather than slash defense further.
April 26, 1989 |
Northrop's B-2 bomber program will be hit by enormous budget cutbacks, amounting to $855 million in fiscal 1990 and $3.2 billion the following year under a new Pentagon budget provided to Congress Tuesday by Defense Secretary Richard B. Cheney. The cutbacks create new uncertainty about the future of the program and also point to job reductions, though it remains to be seen just how deeply Northrop and other contractors on the program will have to cut into the estimated work force of 34,000 employees working on the aircraft.
June 16, 1986 |
In the sand hills of North Carolina, where spring comes early and is quickly followed by the oppressive heat and humidity of a Southern summer, the relief of air conditioning did not arrive for the soldiers of Ft. Bragg until the middle of May, three weeks later than normal. The total savings: several hundred thousand dollars, a paltry part of the base's multimillion-dollar annual budget.
February 28, 1990 |
Congress is gambling with tens of thousands of military careers in a game of brinkmanship over how to meet federal deficit reduction targets, Bush Administration officials charged Tuesday. Defense Department officials criticized attempts by House Armed Services Committee Chairman Les Aspin (D-Wis.) to deny a Pentagon request to divert funds to personnel from other department accounts in order to save military jobs.
March 10, 1989 |
With the defeat of John Tower, somber Pentagon officials face the prospect of substantial new delays in resolving weighty budget and strategic arms questions--including the future of "Star Wars" missile defense research and of the land-based missile force. Leaving the Pentagon leaderless for at least several more weeks also extends the uncertainty on the Pentagon's main bread-and-butter issue: how to cut $6 billion from the 1990 defense budget handed down from the Ronald Reagan Administration.
February 5, 1985 |
Beginning a campaign to sell his new budget proposal, President Reagan Monday invoked the Scriptures in his struggle with Congress to continue the U.S. defense buildup. In two separate speeches, the President quoted from the New Testament Book of Luke--citing Jesus talking to his disciples--to make the point that "the defense of our nation is the one budget item which cannot be dictated by domestic considerations," even the huge federal deficit.