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The Pentagon’s new Office of Strategic Capital will employ loans, guarantees and other financial tools not typically used by the military. The Pentagon has established a new unit to lure private funding for technology deemed critical to national security, citing concern over China’s military advances. On Thursday, the Defense Department announced the creation of the Office of Strategic Capital, which will seek to employ loans, guarantees and other financial tools not typically used by the U.S. military, which relies mainly on contracts and grants.
China is on pace to challenge the U.S. militarily and prevent it from intervening in a crisis with Taiwan, including through Beijing’s increasing stockpile of nuclear warheads, a Pentagon report released Tuesday concluded. China will “likely field a stockpile of about 1,500 warheads by its 2035 timeline,” concluded the report, which assesses China’s military and security strategy. Previous editions of the Pentagon’s report, which is mandated by Congress, predicted China would have 1,000 warheads by 2030.
SEOUL, South Korea — Air raid sirens sounded in South Korea after the North fired about a dozen missiles in its direction Wednesday, at least one of them landing near the rivals’ tense sea border. South Korea’s military said North Korea launched more than 10 missiles of various kinds off its eastern and western coasts. The North Korean missile’s landing site is also 104 miles northwest of South Korea’s Ulleung island, where an air raid alert was then issued. It said South Korea has strengthened its surveillance posture on North Korea. Some experts still doubt North Korea could use nuclear weapons first in the face of U.S. and South Korean forces.
That hearing discussed an unclassified report issued by a Department of Defense task force in 2021. There is precedent for the Defense Department, scientists and the media playing down reports of UFOs rather than prioritizing truly open scientific inquiry. In the 1950s and 1960s, the Air Force established a UFO task force named Project Blue Book and commissioned an independent scientific study of the phenomena. There is now a danger that the NASA study, which is also supposed to be objective, may not live up to this scientific ideal. If government and academia don’t do so with UFOs, we may end up with another independent scientific panel in another 50 years, but be no closer to the truth.
There is an $8 billion gap between what the Pentagon has pledged to send to support Ukraine and its allies, and the contracts awarded to defense companies. Executives at military contractors said the combination of supply chain hurdles, labor shortages and Pentagon bureaucracy means billions of dollars in contracts won’t start to benefit their financial results until late next year and into 2024 and beyond.
South Korea’s military has strengthened its surveillance posture and maintains readiness amid close coordination with the United States, it said. North Korea sees such regular drills by Seoul and Washington as practice for launching an attack on the North, though the allies say their exercises are defensive in nature. The area was apparently closer to South Korea than any other missile launch site North Korea has used so far this year. South Korea and the United States have strongly warned North Korea against using its nuclear weapons preemptively. North Korea has said the artillery firings were in reaction to South Korean live-fire exercises at land border areas.
NBC News, in collaboration with the International Consortium of Investigative Journalists, The Washington Post, and Arab Reporters for Investigative Journalism, interviewed more than 40 current and former employees of contractors at military bases. According to an NBC News analysis, at least 10 companies with substantiated trafficking violations since 2007 have received billions in new government contracts. ‘Mad scramble’Foreign workers are crucial for the more than 700 military bases with U.S. service members around the world. One company that continues to get work at Middle East bases despite past violations documented in an Army compliance agreement is Tamimi, Abdulla’s employer. Lusambu Karim, a 50-year-old Ugandan, told NBC News about trafficking violations he said he encountered working for Aegis in Afghanistan from 2018 to 2020.
China still the biggest threat to the U.S.
  + stars: | 2022-10-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina still the biggest threat to the U.S. Despite Russia’s brutal and unprovoked war in Ukraine, China is still the biggest threat to the United States, according to the Pentagon’s new national defense strategy, which is out today. Michael O’Hanlon, sr. fellow at the Brookings Institution, joins Kayla Tausche and ‘The News with Shepard Smith’ to discuss.
The Pentagon’s Recruiting Woes
  + stars: | 2022-10-15 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
The U.S. Army recently told the press that it missed its fiscal year recruiting goal by 25%, coming up short nearly 20,000 soldiers. The Air Force barely hit its numbers for 2022. The Navy met its targets for enlisted sailors but came up short about 200 officers. Both the Navy and Air Force had to dip into “delayed entry” pools of recruits usually kept in a holding pattern for later, which means the services will start a new recruiting year in an even tougher position. The numbers are worse in the reserves.
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