defense spending

Miltary spending and Boeing
5:19 pm
Wed March 5, 2014

Defense Budget Excludes Boeing's F/A-18 Fighter Jets

Boeing's F/A-18 Super Hornet.
(U.S. Navy/ by Mass Communication Specialist Seaman Stephen G. Hale II/Released)

Boeing’s F/A-18 fighter jet built in Hazelwood was left out of the Pentagon’s $496 billion proposed budget for fiscal year 2015.

With no additional funding for the Super Hornet and Growler jets  the production lines are expected to shut down by the end of 2016, putting thousands of jobs at risk.

Boeing official said in a statement that they were disappointed.

The company called the aircraft "the backbone of the Navy’s carrier air wings" and said it would work with Congress to add funding for the jets.

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Business
10:32 am
Fri March 1, 2013

St. Louis Defense Industry Braces For Sequester

Scott Air Force Base
Credit (via Wikimedia commons/SSGT CHAD R. GANN, USAF)

Earlier this week the Obama Admiration released a state-by-state breakdown of the $85 billion in cuts slated to kick in on Friday.

The report details cuts to expenditures ranging from teachers and schools, to air-traffic control, to public health and head start.  Among the line-items slated for the largest cuts is military readiness and defense, or more specifically by civilians working for the Department of Defense. 

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Fiscal Cliff
10:40 am
Tue December 11, 2012

'Fiscal Cliff' Could Affect Mo. Economy, Budget

Missouri's gross revenue collection in July was up by .6 percent as compared to July 2010.
flickr/yomanimus

If officials in Washington don't reach a deal to avert the "fiscal cliff," Missouri could see a hit to its economy and budget.

The Federal Funds Information for States estimates Missouri could lose $1 billion of Defense Department spending on contracts and military institutions if federal spending cuts take effect in the new year. The Washington-based organization estimates those automatic cuts also could result in a $125 million reduction in federal grants to state programs, such as public schools and early childhood programs.

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