Sen. Bill Frist (R-Tenn.) has told his colleagues that he agrees with the President’s desire to hold the 2006 emergency supplemental bill (meant to cover operations in the war on terror and hurricane recovery) to the Administration’s $92.2 billion proposal. Frist wants the Senate to weed out unnecessary add-ons and “find offsets” for any “legitimate emergency spending” amendments. The Senate Appropriations Committee added almost $15 billion to the President’s request, while their House counterparts trimmed the request slightly.
Lockheed Martin projects more than a billion dollars of losses on a classified program, but company officials said April 23 they are confident it will turn profitable by 2028 and become a "franchise" system in the U.S. military.