Contractors Expecting Defense Cuts

The whole team here has been following the coming budget crunch. And now, there's public evidence that the contracting world has seen the writing on the wall and were collectively glum at the recent AUSA conference:

Attendees worried that a new administration may be forced to cut back on defense spending as the nation strains under a global economic crisis and as presidential contenders talk about the eventuality of bringing troops home. Major weapons systems built by the likes of Falls Church-based General Dynamics or Lockheed Martin of Bethesda are likely to face new scrutiny -- potentially dealing a blow to an industry that has helped insulate the region from deeper economic pain.

By: Widow 6-7