
Every sector of the defense industrial base has been hit by a decline in contracts first from the military drawdown from lengthy wars in the Middle East and Asia and a second jab from Congress with the Budget Control Act of 2011.The decline in contract obligations within 11 sectors ranged from a 76 percent decline for land vehicles to the relatively unscathed aircraft portfolio that declined only about 8 percent during the same period, according to a comprehensive study of…