Friday, February 3, 2012

IMPACT OF BUDGET CUTS ON US DEFENSE INDUSTRY

In light of the significant reduction in defense spending recently unveiled by President Obama, the question of the real impact of the cuts on the defense industry remains pressing.

Some key reading on the topic:

- The impact of reductions on specific programs; Future investment possibilities, at the Washington Post

- Panetta reassures defense sector; Tension between Pentagon and industry at Reuters

- US defense contractors look to export market to offset domestic reductions; Forecasts for 2012 at Business Week

- Analysis: Defense cuts will not immediately damage US defense industry because major overhaul largely punted to next administration at Defense News