Aerospace & Defense News - Defense North America.


New York (AirGuideBusiness - Aerospace & Defense News - Defense North America) Sep 16, 2012

White House is scheduled to deliver sequestration report today A spokesman for the White House said Thursday that it would deliver a report on sequestration cuts today. President Barack Obama is required by law to detail how the massive cuts could affect spending programs. For 2013, the automatic cuts are estimated at $109 billion. Sep 14, 2012

House passes bill requiring alternative to sequestration The House of Representatives approved a bill Thursday that would require President Barack Obama to come up with an alternative to sequestration. "This sequestration does one simple thing: It takes the Army and Marine Corps down to a 1940s level," said Rep. Allen West, R-Fla., sponsor of the bill. Sep 14, 2012

McCain says he's ready to compromise to avoid sequestration Sen. John McCain, R-Ariz., said Thursday that he was ready to compromise to avoid sequestration. However, he did not give details on his plan. "We've got to sit down ... and for me to say I'd agree to something before we enter into real negotiations wouldn't be very wise," said McCain, ranking Republican on the U.S. Senate Armed Services Committee. Sep 14, 2012

House passes stopgap bill to fund federal government The House has passed a six-month interim funding bill aimed at heading off a shutdown of the federal government when the fiscal year ends Sept. 30. The Senate is expected to approve the bill and send it to President Barack Obama for his signature toward the end of next week. Sep 14, 2012

Butler National Corporation Announces First Quarter Financial Results and Conference Call Butler National Corporation (OTC QB: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces its financial results for the first quarter fiscal 2013 for the period ended July 31, 2012. In conjunction with the release, the Company has scheduled a conference call Monday, September 17, 2012 at 9:00 AM Central Daylight Time. Sep 14, 2012

Sequestration-fix measure may face White House veto The National Security and Job Protection Act, a bill aimed at forcing President Barack Obama to replace cuts due to sequestration, is likely to face a veto, the White House warned Wednesday. The measure, introduced by Rep. Allen West, R-Fla., would cut $19 billion in...

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