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Business/Financial

Associations Warn Pentagon’s Planned Cuts ‘Could Cripple’ Defense Industry

Monday, January 9th, 2012

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The Obama Administration’s plan to eliminate over $480 billion in planned defense spending over the next 10 years would “cripple” certain defense sectors, forcing the industry to shed skilled workers, curtail development, be less responsive to urgent needs and for some firms cause them to leave the sector altogether, three key industry groups said in a report released on Friday. Based on responses to a survey distributed to select member companies of the industry associations, the report says that “According…

Congress

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Space

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