Most of the news about what will happen to aerospace and defense (A&D) spending as a result of congressional dallying on resolving its own pre-programmed cuts—sequestration—concerns lost jobs and program slowdowns. But sequestration also is likely to hit the way defense contractors fund independent research and development (IR&D), according to a study by the Fairmont Consulting Group. Over the past 40 years, weighted averages of commercial and defense aerospace IR&D ...

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