Defense Secretary Pete Hegseth said the funds will be pulled from 'so-called "climate change" and other woke programs.' ...

Defense Secretary Pete Hegseth has told the Pentagon to find $50 billion in programs to cut this year, to redirect funds to ...

Uncertainty over cuts to military spending have hammered key contractors in recent weeks. The worst-feared scenario doesn’t ...

President Donald Trump's administration is planning to cut $50 billion in various areas of the Pentagon budget and reallocate ...

The cuts would be as drastic as sequestration in 2013, the law passed by Congress that forced the armed services to cut $56 ...

Data analytics company Palantir is a major US defense contractor. Its shares were up 65% this year before Wednesday.

WASHINGTON (TNND) — Defense Secretary Pete Hegseth has directed military services to find $50 billion in programs that could ...

A senior Pentagon official on Wednesday acknowledged the agency was considering major budget cuts to the tune of 8 percent ...

Defense Secretary Pete Hegseth has ordered the Pentagon to develop plans for cutting 8% from the Department of Defense budget ...

The move could reduce defense spending projections by hundreds of billions of dollars over the next five years.

WASHINGTON >> The Pentagon said today it was directing military leaders to draw up a list of potential cuts totaling about ...

Defense Secretary Pete Hegseth has ordered the military to prepare plans to make drastic budget cuts over the next five years ...