Defense Contractors say sequester will ‘shatter’ security plans

December 5, 2012

Key defense contractors said Monday that automatic federal spending cuts set to begin next month would hamstring their ability to develop critical machinery, equip military personnel and help maintain national security.

David Langstaff, president and chief executive officer of TASC Inc., said it would be "irresponsible" to allow the spending cuts, known as sequestration, to take effect Jan. 2.

"Sequestration ... will shatter our ability to execute the U.S. national security strategy," Mr. Langstaff said during a panel discussion with three other defense industry CEOs at the National Press Club.

The defense contractors urged lawmakers to reach an agreement on a framework to avert sequestration, which would cut $1.2 trillion from the federal budget over the next decade. The Defense Department would lose $500 billion over that period, beginning with a more than $50 billion cut to its 2013 budget.

"Cuts at that level are irresponsible at almost any way you look at it," Mr. Langstaff said.

Wes Bush, president and CEO of Northrop Grumman Corp., said that "getting to a framework agreement that would allow the nation to move forward is critical."

Dawne S. Hickton, president and CEO of RTI International Metals Inc., said the automatic spending cuts would curtail progress on programs that have been years in the making.

"What we're manufacturing in our plants today is going in a military program two or three years down the road," Ms. Hickton said.

FINISH

 


blog comments powered by Disqus

Feel her pain: Huma Abedin fed up with boss Hillary Clinton's 'I'm exhausted thing'

May 06, 2016  01:52 AM

In newly released emails, Huma Abedin laments that boss Hillary Clinton is giving her the "I'm exhausted thing" again.

The post Feel her pain: Huma Abedin fed up with boss Hillary Clinton’s ‘I’m exhausted thing’ appeared first on twitchy.com.

Donald Trump shovels it on thick in coal country, pivots to making hairspray great again

May 06, 2016  00:08 AM

He can't unite the Republican party, but Donald Trump can win over both coal country and vintage hairspray aficionados within a span of minutes.

The post Donald Trump shovels it on thick in coal country, pivots to making hairspray great again appeared first on twitchy.com.

'What what what???' Trump tells W. Va. crowd not to vote in primary, 'save your vote for the general'

May 05, 2016  09:10 PM

"That makes even less sense that his average nonsensical statement."

The post ‘What what what???’ Trump tells W. Va. crowd not to vote in primary, ‘save your vote for the general’ appeared first on twitchy.com.

'You have to be kidding me': Furious Sean Hannity unloads on Paul Ryan, #NeverTrump

May 05, 2016  08:51 PM

"Elitist BS."

The post ‘You have to be kidding me’: Furious Sean Hannity unloads on Paul Ryan, #NeverTrump appeared first on twitchy.com.

Rick Perry, first to drop 2016 bid, hints that he might drop back in as Trump's VP

May 05, 2016  08:26 PM

Rick Perry told CNN that Donald "Cancer on Conservatism" Trump is "one of the most talented people" he's seen run for president.

The post Rick Perry, first to drop 2016 bid, hints that he might drop back in as Trump’s VP appeared first on twitchy.com.

FSM Archives

10 year FSM Anniversary

More in MUST READS ( 1 OF 25 ARTICLES )