Defense Firms Weathering Budget Cuts More Easily Than Expected

Posted July 24, 2013 at 6:49am

“Big defense contractors are weathering the federal budget sequester far more easily than they projected, in part because they have gradually eliminated jobs over the past few years in anticipation of spending cuts,” the Washington Post reports.

“Contractors seem pleasantly surprised that the automatic spending cuts are not hurting nearly as much as the industry’s lobbying arm warned they would in the months leading up to the sequester that took effect in March.”