March 31, 2009

Um, don't invest in SAIC anytime soon...

From the National Journal:

As the Pentagon's internal budget negotiations begin to wind down, the future looks bleak for the Army's Future Combat Systems, the service's ambitious $160 billion modernization effort that is widely expected to become a casualty of the FY10 budget.

Defense Secretary Gates is weighing everything from dramatically scaling back FCS ground vehicles to canceling the program, according to several sources closely tracking the budget negotiations. He has said he will withhold making any final decisions until the end of the internal budget process.