
The Air Force and Army saw the biggest decreases in contract obligations between FY ‘12 and FY ‘13 while the decrease at the Navy was relatively minor, says a May 12 report by the Center for Strategic and International Studies (CSIS) that shows that overall the budget sequestration that was in effect part of last year and into early 2014 did have a large impact on defense spending. “The impact of sequestration on DoD contract obligations has been as large…