Analysts reacting to U.S. Defense Secretary Chuck Hagel’s first major policy speech say the dour remarks on future cuts and likely dramatic mission changes due to austere budgets were expected, albeit significant, for benchmarking the Pentagon’s approach to life under sequestration. “We were not expecting a major policy shift today, but rather a continuation of the [Obama] administration’s approach with some new emphases,” said Wall Street analysts at RBC Capital Markets. “These ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "SecDef Speech Clears Way For Major Defense Re-examination".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.