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CoStar.com - November 16, 2011, By CoStar Research
The City of Virginia Beach recently paid $6 million to buy the London Bridge Commerce Center, an 18-acre mixed-used commercial property at 130 London Bridge Road in Virginia Beach.
Fox News - November 15, 2011, Associated Press
The number of U.S. ground forces would drop to levels not seen since 1940, the Navy would drop to the smallest number of ships since 1915 and the Air Force would be the smallest ever, Defense Secretary Leon Panetta said in warning Congress of the dire implications of deeper defense cuts.
al.com - November 15, 2011, By Guy Busby, Press-Register
FOLEY, Alabama -- Navy officials have begun efforts to buy property needed to expand two Baldwin County airfields to accommodate new training aircraft.
U.S. Department of Defense - November 15, 2011, By Jim Garamone, American Forces Press Service
WASHINGTON, Nov. 15, 2011 – If the Joint Select Committee on Deficit Reduction cannot reach an agreement, the results would be devastating for the Defense Department, Defense Secretary Leon E. Panetta wrote in a letter to two senators yesterday.
Associated Press - November 14, 2011, By DONNA CASSATA
WASHINGTON (AP) — Defense Secretary Leon Panetta warned Congress on Monday that deeper defense cuts would leave the military with the smallest ground force since 1940, lead to possible months-long furloughs of civilian employees and force the Pentagon to recalibrate its national security strategy to accept "substantial risk."
The Florida Senate - November 8, 2011, Senator Don Gaetz, District 4
Six Northwest Floridians will join six other military and civic leaders from elsewhere in the state to form the Florida Defense Support Task Force, a high-level commission established to advocate for the state’s military bases and missions. The Task Force, appointed by Governor Scott and the legislature’s two presiding officers, takes up its duties at a time when the 7th Special Forces of the US Army and the F-35 are arriving in Northwest Florida while at the same time Air Force cutbacks threaten civilian and uniformed jobs at Eglin Air Force Base.
Forbes - November 8, 2011, By Loren Thompson, Contributor
The U.S. defense industry is facing greater uncertainty in its core military markets than at any time since the Cold War ended, and maybe since the industry’s birth in the 1950s. As a result, even though most of the big business moves in the sector this year have been about divestiture and “deconglomeration,” the dominant trend going forward will be diversification.
Defense Logistics Agency - November 8, 2011, By Sara Moore
The 2005 Base Realignment and Closure legislation required the Defense Logistics Agency to change some of its business practices and take on new missions, but it also saved a lot of money and set the stage for future efficiencies.
The New York Times - November 6, 2011, By THOM SHANKER and ELISABETH BUMILLER
WASHINGTON — Under orders to cut the Pentagon budget by more than $450 billion over the next decade, Defense Secretary Leon E. Panetta is considering reductions in spending categories once thought sacrosanct, especially in medical and retirement benefits, as well as further shrinking the number of troops and reducing new weapons purchases.
The Anniston Star - November 4, 2011, By Cameron Steele
These are unpredictable times for the Anniston Army Depot. As proof, local and state officials point to the diminishing wars in Iraq and Afghanistan, looming defense cuts and the probability of a future round of base closures.
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Last Update: March 6, 2014