Robert J. Stevens, the CEO of Lockheed Martin, went to Capitol Hill on March 14 with a message for lawmakers: You're making my life hell. At issue are automatic cuts to U.S. defense spending scheduled to take effect next January. If Congress and the Obama administration cannot reach a budget compromise by then, military budgets will be hit with a $53 billion cut in 2013 and another $450 billion in reductions during the next nine years. The problem is that the Pentagon's fiscal 2013 ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Budget Unknowns Keep Defense Contractors Off Balance".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.