The chair is authorized to declare a recess at any t time i now recognize myself for an Opening Statement. Good morning todays hearing will focus on the f35 joint Strike Fighter a highly technical Stealth Fighter that is the pentagons largest and most costly acquisition programs in cf 35 Program Began more than 20 years ago the department of defense more than 350 billion onts Development Total cost to sustain the program is estimated at more than 1 trillion. Unfortunately this program is plagued by challenges including major problems with maintenance of the aircraft. This hearing will address the many, time and manpower the military is forceded to spend for spare parts from Lockheed Martin. Juneck 2019 the dod Inspector General found over a threeyear period more than 15000 spare parts for the f35 lacked dialogue that maintains Important Information of the spare parts. 2020 Committee Staff from the majority and minority visited multiple military bases and interviewed personnel who maint
I am pleased that it is one we can work in a bipartisan manner. I believe we all want a Strong Military and a strong private sector and a strong government that is wisely tracking taxpayers money and spending it efficiently for the purposes that it was meant for. I look forward to working with the Ranking Member in the future and i am so pleased he is with us here today. Without objection the chair is authorized to declare a recess of the committee at any time and i now recognize myself for an Opening Statement. Good morning. Todays hearing will focus on the f35 joint strike fighter. A highly technical stuff fighter that the pentagon largest and most costly acquisition program. Since the 35 Program Began more than 20 years ago the department of defense has spent more than 350 billion on its development. Total cost to sustain the program are estimated at more than 1 trillion. Unfortunately, this expensive program has been plagued by challenges for years, including major problems with ma
The 40th chief of the army general james mccarthonville. The secretary and chief and i will have a chat about the defense strategy, the armys modernization priorities, the president s budget request that just came out, as well as the emerging joint war fighting concept and well save about 15 minutes at the end to take questions from the audience here. First i want to throw it over to the secretary and the chief to give a couple opening remarks. Thank you, susan. Its the closest i will get to davos, switzerland. Great opportunity to be here. Thank you. As we discussed in the green room, these are wonderful opportunities for us to try to talk about how were trying to transform the army. Were in year three of a very aggressive effort of transforming the army in not only how we train the force, how we modernize and ultimately help our people reach their maximum potential. As i emphasized the third year of a massive restructuring like weve not seen in over 40 years in the army with creating
Important to me is talking to people understanding what theyre going through so that i can see the headlines in the most human way possible. Cure the disease we believe everyone has a story worth hearing. Najam mourns the latest victims of what the u. N. Calls unprecedented violence in the sun held in egypt france with almost 5000. 00 troops there is meeting regional leaders to decide what to do next as the military campaign failed and cook the conflict spread further in west africa this is inside story. Hello and welcome to the program im melting down is there more than 4000 west africans killed in just 12 months the United Nations says last year was the worst yet in the fight against armed groups in the sile the u. N. Says its a number precedented rise in terrorist file and france and 5 regional countries have files ins of troops fighting groups some of whom a link to eisele and al qaeda but anger against the operation and against france is growing now president macro is hosting a su
And joining us now to see what 2020 has in store is managing director, victor anthony, and Portfolio Manager at needham growth fund, Chris Retzler good morning. I look at the tech stocks that did the best this year, a lot of them were kind of underdogs, roku, top of the list coming into the year, people talked about netflix would beat up on them this year, the narrative seems to have shifted. Apple is another one people thought apple would have a bad year not only trend wise in tech whats important in 2020, are there underdog names you particularly have in mind . Victor well, mostly on small cap large cap, i see amazon, alphabet, google, facebook continue to outperform those arent underdogs. Are they no. Angies Home Services which underperformed significantly in 2019, i think another one, comscore, unforeseen event, management departures, outperformed significantly Online Dating app, the meet group, meet glad it is spelled that way different kind of stock if spelled another way. Up abo