President Barack Obama on Monday reiterated his staunch opposition to funding what he calls wasteful military projects such as the F-22 and the F-35 competing engine. In a speech at the Veterans of Foreign Wars convention in Phoenix, the President criticized Congress for adding on military programs the Administration doesn’t want. He said, such “waste would be unacceptable at any time, but at a time when we’re fighting two wars and facing a serious deficit, it’s inexcusable.” Continue
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.