Pentagon Releases Report on Sequestration Cuts’ Effects

June 11, 2013

The Pentagon sent Congress a report providing details of $37 billion in sequestration cuts affecting defense contractors from Lockheed (LMT) Martin Corp. to Huntington Ingalls Industries Inc. (HII)

The report, provided yesterday and required by the current year’s defense appropriations measure, lists the amounts that Congress appropriated for the Pentagon’s 2,500 programs, project and budget activities, and shows how much each will be reduced by the automatic spending reductions that took effect March 1.

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