U.S. Defense Budget Cuts Will Hammer Industry
2013 Outlook: Budget Cuts Will Hammer Industry -- Natinoal Defense
The Defense Department and its contractors are still hopeful for an 11th hour deal that will shield the Pentagon from a 10 percent budget cut in 2013. But even if Defense is spared from the sequester, the business climate for Pentagon contractors will be bleaker in 2013, analysts predict.
Whereas the defense budget top line peaked in 2010 and has only dipped slightly, projected spending on new equipment already has declined by one-third since 2008 and is on a path to go down another 10 to 15 percent, says Erich Fischer, a partner at the consulting firm Booz & Company.
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My Comment: The good old days of increasing defense budgets are coming to an end.
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defense industry
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