US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
SR Technics has announced plans to consolidate its component services organisation, and all supporting functions currently performed at London-Stansted, in Zurich.
The company says the move will allow it to improve further its operational efficiency and productivity to lower operational costs.
SR Technics will continue to operate its line maintenance business in the UK through its current line station network and will maintain and develop its logistics operations in the UK. It plans to consolidate all logistics operations at the current London-Heathrow logistics centre.
Bernd Kessler, CEO of SR Technics, commented, “At the heart of the ongoing reorganisation is our aim to raise our efficiency, lower our Group’s overall operational costs and to further develop our operational capabilities, service offerings and global footprint. By achieving these objectives, we will tangibly improve our competitiveness and the service we provide to our customers.
“Management will work closely with the unions and employee representatives to support all employees affected by these plans at London-Stansted,” Kessler added.
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
Washington’s ageing inventory and the pace Moscow and Beijing have been modernising their capabilities put in check the US Nuclear deterrence.
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.
As gangs gain control of Port-au-Prince, Haiti’s Caribbean neighbours have been preparing to intervene in the failed state, with the US and other partners waiting in the wings with equipment and financial support.