Pentagon

America is $15.5 trillion dollars in the red. So why is the Pentagon buying military hardware that no one wants or needs?

Aerospace is an intensely nationalist business. But not only do aircraft makers get tied up in international political dogfights, such battle lines are drawn between states as well. Witness the just-completed competition between blue state Boeing and red state Airbus.

The Tea Party says everything is on the table regarding its goal to cut federal spending and balance the budget -- including defense spending. If the political faction succeeds in cutting military spending, not only would the U.S. economy benefit, national security could well be strengthened.

About 1.5 million of nearly 22 million troops who have served are women. But recent military conflicts, including those in Iraq and Afghanistan, show that upon returning home, female veterans don't always get the support they need to reintegrate into society.

According to the Defense Intelligence Agency, new memoir by a former DIA intelligence officer could "cause serious damage to national security." Now the agency is considering buying all 10,000 copies of the book in print and destroying them.

Boeing is expected to submit a bid for a $35 billion Air Force tanker contract today, as tensions build over subsidies to its rival, the European Aeronautic Defense and Space Company.

The Pentagon recently announced its third attempt to find a supplier willing to accept $35 billion in exchange for 179 airborne refueling tankers. If BusinessWeek's reporting proves prescient, that $35 billion will be divided in some way between the two bidders -- Boeing (BA) and EADS' Airbus...

It looks like the Pentagon is poised to try for a third time to award a $35 billion contract for 179 airborne refueling tankers. This contract, which could ultimately be worth $100 billion by 2030, is going out to two bidders: Boeing (BA), and EADS' Airbus subsidiary in partnership with Northrop...

Wanna go into the weapons business?The Department of Defense is planning to create 20,000 new jobs to help manage its new and improved system of buying weapons, according to media reports. The Pentagon's number two man, Deputy Defense Secretary William Lynn, told Congress the surge is all part of...

According to Politico, the Pentagon recently hosted a set of economic war games. Headquartered at Fort Meade, Maryland, the exercises employed hedge fund managers, college professors and business executives to help explore the ways in which America's opponents could use the tools of business to...