Automatic budget cuts due to take effect in January will drive up the cost of weapons systems and cut revenues for arms makers in the longer term, but the full…
CSBA In the News
Automatic Budget Cuts Seen Driving Up Long-Term Weapons Costs
August 24, 2012 • In the News • Original: Reuters
Sequestration Would Cut Defense By 10.3 Percent — In Stages, Says Report
August 24, 2012 • In the News • Original: Government Executive
Absent a new budget deal between the White House and Congress, defense spending would be hit with an immediate 10.3 percent reduction that threatens the jobs of 108,000 civilian employees,…
Sequester Would Force 108K Layoffs In Federal Workforce, Not In Defense Industry: CSBA
August 24, 2012 • In the News • Original: AOL Defense
Sequestration would force the Defense Department and other federal agencies to lay off workers long before the defense industry had to, said a report released today by the Center for…
Defense Cut’s Full Effect Years Away, Analyst Finds
August 24, 2012 • In the News • Original: Bloomberg
Defense contractors wouldn’t feel the full effect of automatic budget cuts for three or four years as weapons programs are facing only a 3.5 percent reduction next year, according to…
Experts Doubt Budget Cuts Would Hurt Military Training
August 23, 2012 • In the News • Original: Stars and Stripes
For months, lawmakers and military leaders have issued dire predictions about what might happen if Congress doesn’t stop the $500 billion in automatic defense spending cuts set to start in…