US military aims to save 100 billion dollars over five years: "The Pentagon announced a major cost-cutting initiative Friday, which it hopes will slash 100 billion dollars from its tight operating costs over the next five years, a senior US defense official said.
But with the world's most advanced military waging wars in Afghanistan and Iraq, the Defense Department said there was no intention of reducing force numbers in the US Army, Navy, or Air Force, and that the Pentagon's most expensive acquisition project ever -- the F-35 fighter jet -- would not be cut.
'Most of the savings are intended to be achieved by shaving overhead and tightening efficiency, with the billions saved there shifted to operational costs and force modernization,' Deputy Defense Secretary William Lynn told reporters."
