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All Posts Tagged Tag: ‘military spending’

Gripen Fighter Jets Deal Nixed by Swiss Voters

Saab Group was dealt a major blow this week as Swiss voters halted a plan to order the company’s Gripen fighter jets. The deal had been worth an estimated $3.5 billion. The deal stems from a February 2013 agreement between the Saab, the Swedish Defence Materiel Administration, and the Swiss Defense Ministry. Under the terms of the deal Saab was …

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Defence Budgets to Rise, Shift Toward Middle East

The global economic downturn that began in 2008 didn’t just affect consumer businesses. The effects of the recession reached all the way to the most sacred of government spending initiatives – military spending. Global defense budgets have been falling since 2009. Now, with many economies recovering, defense budgets are back on a rising trajectory. Market research firm IHS today released …

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Reuters: Pentagon Bookkeepers Wasted $8.5 Trillion

Earlier this summer, Reuters authors Scot J. Paltrow and Kelly Carr conducted an investigation into the Pentagon’s payroll practices; in their report, the authors alleged that an unbelievable level of dysfunction is causing financial hardships for soldiers. Today, the news does not get any better as Reuters published a second expose, this one even meatier than the first. The second …

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