ILMA Compoundings May 2017 - 19
U.S. Marine Corps F-35B II Lightning
assigned to Marine Aviation Weapons
and Tactics Squadron One (MAWTS-1)
by Mike Damiani
proposal is a starting point for budget negotiations in Congress, chances are strong (given the Republican majority)
that military spending will be dramatically increased.
A 25 percent reduction over the past four years in annual
defense spending, due to the congressionally mandated budget cuts and spending rules known as "sequestration," was
brokered in a deal between President Barack Obama and
Congress in 2013. That agreement set a cap on discretionary
spending across the federal government and affected defense
spending. Sequestration significantly affected all aspects of
the defense budget, including maintenance and refit/retrofit
programs, which cut back the Defense Department's ability
to maintain spending levels on a wide spectrum of lubricants used in the various military platforms. Reductions in
personnel, hardware and ships added to a lower demand
for lubricants. However, Trump's recent defense proposal
includes adding thousands of additional soldiers until the
Army reaches 540,000 troops, expanding the Navy to 355
U.S. Marines conduct a hot load on the
F-35B Lightning II during Weapons and
Tactics Instructor Course (WTI) 2-17 at
Marine Corps Air Station Yuma, Arizona
Photos by Staff Sgt. Artur Shvartsberg
ships, adding more than 100 new Air Force planes for a total
of 1,200, and adding thousands of Marines by increasing
Marine infantry battalions from 24 to 36.
NAVY SALES RISE The Navy recently announced
ambitious plans to expand. In December 2016, the Navy
released a new fleet assessment plan that increased its fleet
goal from 308 to 355 ships. Increasing shipbuilding to
achieve the 355-ship goal could require up to an additional
$5.5 billion in annual spending in the next 30 years, per an
estimate by naval analyst Ronald O'Rourke at the Congressional Research Service. Of the 47 ships called for in the plan,
one would be an aircraft carrier built in Virginia, 16 would
be large surface ships built in Mississippi and Maine, and an
additional 18 attack submarines would be built in Connecticut, Rhode Island and Virginia.
The U.S. Navy is especially dependent on the lubricant
industry for smooth sailing. The Navy uses a multitude of
19
ILMA Compoundings May 2017
Table of Contents for the Digital Edition of ILMA Compoundings May 2017
Letter from the CEO
Inside ILMA
What's Coming Up
Industry Rundown
Trump Military Budget = Heightened Lube Demand
Trade Agreement Opens Doors for Lube Exporters
All in the Family
Business Hub
Counsel Compound
Washington Landscape
In Network
Portrait
ILMA Compoundings May 2017 - Cover1
ILMA Compoundings May 2017 - Cover2
ILMA Compoundings May 2017 - 1
ILMA Compoundings May 2017 - 2
ILMA Compoundings May 2017 - Letter from the CEO
ILMA Compoundings May 2017 - Inside ILMA
ILMA Compoundings May 2017 - 5
ILMA Compoundings May 2017 - What's Coming Up
ILMA Compoundings May 2017 - 7
ILMA Compoundings May 2017 - Industry Rundown
ILMA Compoundings May 2017 - 9
ILMA Compoundings May 2017 - 10
ILMA Compoundings May 2017 - 11
ILMA Compoundings May 2017 - 12
ILMA Compoundings May 2017 - 13
ILMA Compoundings May 2017 - 14
ILMA Compoundings May 2017 - 15
ILMA Compoundings May 2017 - 16
ILMA Compoundings May 2017 - 17
ILMA Compoundings May 2017 - Trump Military Budget = Heightened Lube Demand
ILMA Compoundings May 2017 - 19
ILMA Compoundings May 2017 - 20
ILMA Compoundings May 2017 - 21
ILMA Compoundings May 2017 - Trade Agreement Opens Doors for Lube Exporters
ILMA Compoundings May 2017 - 23
ILMA Compoundings May 2017 - 24
ILMA Compoundings May 2017 - 25
ILMA Compoundings May 2017 - 26
ILMA Compoundings May 2017 - 27
ILMA Compoundings May 2017 - 28
ILMA Compoundings May 2017 - 29
ILMA Compoundings May 2017 - All in the Family
ILMA Compoundings May 2017 - 31
ILMA Compoundings May 2017 - 32
ILMA Compoundings May 2017 - 33
ILMA Compoundings May 2017 - 34
ILMA Compoundings May 2017 - 35
ILMA Compoundings May 2017 - Business Hub
ILMA Compoundings May 2017 - 37
ILMA Compoundings May 2017 - 38
ILMA Compoundings May 2017 - 39
ILMA Compoundings May 2017 - Counsel Compound
ILMA Compoundings May 2017 - 41
ILMA Compoundings May 2017 - 42
ILMA Compoundings May 2017 - Washington Landscape
ILMA Compoundings May 2017 - 44
ILMA Compoundings May 2017 - 45
ILMA Compoundings May 2017 - In Network
ILMA Compoundings May 2017 - 47
ILMA Compoundings May 2017 - 48
ILMA Compoundings May 2017 - 49
ILMA Compoundings May 2017 - 50
ILMA Compoundings May 2017 - 51
ILMA Compoundings May 2017 - Portrait
ILMA Compoundings May 2017 - Cover3
ILMA Compoundings May 2017 - Cover4
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