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Defense Contractors Have Options To Lessen Sting Of Threatened Defense Spending Reductions

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Defense contactors have several moves they can make to lessen the brutal impact of impending defense spending cuts, according to Loren Thompson, COO of the Lexington Institute, a think tank near the Pentagon focusing on defense and other issues. Both Secretary of Defense Robert Gates and Sen. Carl Levin (D-Mich.), chairman of the Senate Armed Services Committee, are warning of major cuts in defense procurement programs impending in the fiscal year ending Sept. 30, 2010. (Please see full stories in…

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