Felix the Cat
12-18-2005, 09:28 AM
(I only hear bad things about this bird. Any chance it will be cut completely?)
Pentagon plans more V-22 Osprey cuts (http://www.upi.com/NewsTrack/view.php?StoryID=20051213-095352-5155r)
WASHINGTON, Dec. 13 (UPI) -- The Pentagon plans a second major cut to the U.S. Marine Corps' budget to buy V-22 Osprey helicopters to save $1.1 billion over five years, reports said.
Senior military and civilian officials have approved the plan to slash spending on the tilt-rotor helicopter being built by Bell Helicopter and Boeing Co., the defense industry publication Inside the Navy reported Monday.
The 2007-2011 spending plan would add to V-22 cuts the Bush administration already proposed in his 2006 budget.
While the Defense Department declined comment, the Fort Worth (Texas) Star-Telegram Tuesday said one official close to the V-22 program confirmed the accuracy of the Inside the Navy report.
The Pentagon plans to buy fewer Ospreys at $135 million apiece.
A defense industry consultant said with costs already high and reduced orders there is no way Osprey costs can be reduced to the target price of $58 million each.
The Pentagon said it would not comment until President Bush proposes his 2007 budget in February.
Pentagon plans more V-22 Osprey cuts (http://www.upi.com/NewsTrack/view.php?StoryID=20051213-095352-5155r)
WASHINGTON, Dec. 13 (UPI) -- The Pentagon plans a second major cut to the U.S. Marine Corps' budget to buy V-22 Osprey helicopters to save $1.1 billion over five years, reports said.
Senior military and civilian officials have approved the plan to slash spending on the tilt-rotor helicopter being built by Bell Helicopter and Boeing Co., the defense industry publication Inside the Navy reported Monday.
The 2007-2011 spending plan would add to V-22 cuts the Bush administration already proposed in his 2006 budget.
While the Defense Department declined comment, the Fort Worth (Texas) Star-Telegram Tuesday said one official close to the V-22 program confirmed the accuracy of the Inside the Navy report.
The Pentagon plans to buy fewer Ospreys at $135 million apiece.
A defense industry consultant said with costs already high and reduced orders there is no way Osprey costs can be reduced to the target price of $58 million each.
The Pentagon said it would not comment until President Bush proposes his 2007 budget in February.