Seeking Alpha

Frank Kendall, the Under Secretary of Defense for Acquisition, has authorized the Pentagon's...

Frank Kendall, the Under Secretary of Defense for Acquisition, has authorized the Pentagon's purchasers and program managers to start talking to suppliers about the plans for implementing $46B of automatic cost reductions, which are due to take effect next Friday. The impact of the cuts will be exacerbated by the DOD not receiving an appropriation for this year, with much of its money in the wrong accounts.
From other sites
Comments (1)
  • Oldman166
    , contributor
    Comments (3) | Send Message
     
    Is the Pentagon hiding their monies in these wrong accounts, to get around the cuts?
    22 Feb 2013, 02:35 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs