(printable PDF version) Project on Defense Alternatives, 26 June 2012. Outlines 16 recommendations that, taken together, achieve more than $22 billion in Pentagon savings in Fiscal Year 2014. Leading the list of savings options are reductions in military end strength, missile defense spending, and purchases of the F-35 Lightning II, Littoral Combat Ship, and Virginia-class submarine.
See the Defense Sense 2013 full report released May 2012.