sequester

WASHINGTON: While the House has voted to extend the debt limit to May, the automatic federal spending cuts called sequestration still loom $90 billion large, half that bill for the Pentagon alone. Yet, as fourth quarter earnings calls begin, the defense industry and its stock values remain remarkably resilient.

What gives? Or rather, what isn’t giving way, and why? Keep reading →

Labor Dept saying WARN act does NOT require layoff notices re sequester: http://bit.ly/Q6urjz. Story soon @ http://aol.it/NkxTqu SydneyFreedberg

Reaping the Benefits of a Global Defense Industry

The U.S. defense industry, being reshaped by declining post-war budgets, globalization, and the increased pace of technological change, must work with the Pentagon and take proactive steps to maintain our historic preeminence on the battlefield. Our industry does not easily embrace change. In fact, history demonstrates that shifts in the defense industry have largely been… Keep reading →