After years of little presidential attention during the last administration, aerospace and defense industry executives are now more in the loop with top Pentagon officials—but they don't feel any better. In the latest in a series of get-togethers, Defense Secretary Leon Panetta and several CEOs and trade organization leaders sat down last week to discuss the so-called sequestration budget cuts that are set to take effect in January. But from reports of the meeting, neither side walked away ...

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