Good afternoon and welcome. I want to thank our cspan viewers and those joining us online for todays discussion here at Hudson Institute. Im the Vice President for Government Relations at hudson. Our mission is to promote u. S. International leadership for secure, free and prosperous future. We develop policy solutions by thinking about the future outside the limitations of conventional thinking. Two highly respected members of congress, representative joe courtney and rob whitman as the latest guests in our bipartisan speaker series, conversations on National Security and u. S. Naval power. With the director of hudsons center for american sea power. Todays discussion is part of an ongoing series weve held here at hudson over the last few years. The series brings together leading National Security experts to engage in constructive dialogue on the future of naval power and its role in our National Security strategy. Representative courtney chairs the House Armed Services subcommittee on
Reasons. We are here today to talk about the challenges that the Defense Industry and our Government Faces as a result of the pressure from wall street. How does that Quarterly Earnings report affect the ability of our government to innovate and protect us . He its a big question and its an important question with lots of ramifications for years to come. We have mr. Michael leskinen executive director of aerospace and defense. He is the wall street guy that is demanding all these things so he will have good insight for us. We have the managing director of ti u. S. Hes part of the 200 million fund that the government has with Silicon Valley to go out and require new technology and find the coolest things on the horizon that can really help us. We have secretary of the Navy Honorable Richard Spencer right here next to me and behalf mr. Mr. Michael strianese ceo of l3 technology who also is looking for a lot of this technology that he can then present to the secretary to see what it is th
Cspan2. Navy secretary Richard Spencer and technology and financial Industry Leaders discuss the Defense Forum at the Reagan Library and california in california. Hello everyone. Good morning. Its great to be here. Its a beautiful place at a very important time for many, many reasons. We are here today to talk about the challenges that the Defense Industry, and our government faces, as a result of the pressure from wall street. How does that Quarterly Earnings report affect the ability of our government to innovate and protect us . Its a big question, its an important question with lots of ramifications for years to come. Here to discuss this and attack the problem, we have mr. Michae mr. Michael, executive director of aerospace j. P. Morgan, he is the wall street guy that is basically demanding all these things but he will have some good insight. We have mr. Ron, managing director of ui asked. He is part of the entity, in Silicon Valley to go out and acquire new technologies and find
From Virginia Beach admitted to distributing heroin resulting in that hat says he sold narcotics to Virginia Beach residents including twenty three year old monica poetry she overdosed on heroin and died had knew about boundaries doubt but continue to sell drugs. He faces a maximum penalty of life in prison sentencing is set for may not have is just one piece of the heroin problem in Hampton Roads today local state and federal agencies sent a strong unified message about fighting the deadly epidemic thirteen is now was one of the first to shed light on the growing heroin problem here in virginia with our special hooked on heroin when documentary jimmy lee was there for todays News Conference in norfolk and jimmy officials want people to know their plans to combat drug problems are effective in yielding results. Yet today attorney attorney general mark herring sent a very strong message to the public that he will be drug dealers and traffickers like gregory hat he was joined by federal
Agree some will make changes to it. So this has many months to play out before it becomes law under the proposed Defense Budget the navy could be absorbing a seven billion dollar reduction in fiscal twenty seventeen funding according to newly released documents obtained by our partners at defense news under the plan the service would reduce the number of ships its buying and uniformed personnel could be cut by sixty four hundred sailors below previous forecasts this proposal reflects the hard choices weve made in the context of todays security environment and economic constraints and it does not leave much room for needed flexibility still pentagon leaders point out the fleet will ultimately grow we will get to three hundred chips in fy nineteen will get to three hundred and eight ships in twenty one which is the requirement and one part of this budget already drawing fire on capitol hill the one point six percent pay raise for the troops which does not keep pace with the private alrea