Warner Opposes DOD Cuts: Senate Armed Services Committee Chairman John Warner (R-Va.) and five of his colleagues have expressed their ire over the expected $32 billion defense budget cut for 2007-11. The six on Dec. 16 sent a letter to President Bush outlining their opposition to ending the “modest” growth that, over the past few years, has helped the military recover from the “procurement holiday” of the 1990s.
The Pentagon's Office of Strategic Capital is giving a $150 million conditional loan to Rocket Lab meant to increase the launch rate for its new reusable Neutron rocket, which is slated for its first flight next year.