Maj. Gen. Stephen Lorenz, a top Air Force budget official, says USAF is in the hole by about $800 million this year—all due to fuel increases. The big gas guzzler is Operation Noble Eagle, the domestic air defense activity now ending its fourth year. Noble Eagle now has a total annual price tag of $1.2 billion—or about $100 million per month.
Secretary of Defense Austin Lloyd III met with his counterparts from Australia, Japan and the Philippines to discuss bolstering defense ties on May 2. The discussion included plans for joint F-35 exercises with Japan and Australia in the coming years.