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Industry Could Start Feeling Shutdown Pinch After Two Or Three Weeks, Exelis CEO Says

Friday, October 4th, 2013

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"Unintended consequences" will start to take place if the federal government shutdown reaches the two or three week timeframe, according to the chief executive of a mid-tier defense contractor. Exelis [XLS] President and CEO David Melcher said Wednesday as a business that supplies both products and services with fixed-price and “cost-plus” contracts, Exelis has a “little bit of resiliency” to keep the workforce engaged going forward. Exelis President and CEO David Melcher. Photo: Exelis. But if the government shutdown continues for two…

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