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

Greg Sanders CSIS photo

  As the Defense Department’s budget goes down, the number of contracts awarded without competitive bids is going up. The share of contracts awarded without competition has risen from 39 percent in 2009 to 42 percent in 2012, according to a report I co-authored with Jesse Ellman and Rhys McCormick on DoD Contracting Trends. The news for… Keep reading →