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

"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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Congress Updates

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