Pentagon, Industry Brace for Big Cuts

April 4, 2012

The Pentagon has told congressional leaders it will start planning this summer to make the sharp reductions in military spending set to begin in January if lawmakers don't reach a broad deal to reduce the federal budget deficit.

Several major defense contractors already have begun contingency planning, anticipating they may have to lay off employees, close facilities and reduce other costs if the spending cuts take effect. 

More Information






NCMA Resources | Advertise | Privacy Policy | Contact Us | Site Map | © 2012 National Contract Management Association