Pentagon buying official forecasts much tougher 2014 for defense contractors

http://www.washingtonpost.com/business/capitalbusiness/pentagon-buying-official-forecasts-much-tougher-2014-for-defense-contractors/2013/08/30/a8ae5dce-0e6b-11e3-bdf6-e4fc677d94a1_story.html

Pentagon buying official forecasts much tougher 2014 for defense contractors
By Marjorie Censer, Published: September 1

The Pentagon’s acquisition staff is preparing to delay and potentially cancel programs in the coming weeks as it readies for another year of significant budget cuts, the military’s top procurement official said in an interview last week.

Frank Kendall, the undersecretary of defense for acquisition, technology and logistics, said he’s already holding off on some spending.

“I don’t know what’s going to happen next year, and I don’t want to make major commitments to contracts that we may terminate once we get into fiscal 2014,” he said. “We’re going to have to make some hard choices, I think, in the next few weeks about what we do with some of our programs.”

Kendall said that he expects the defense industry to bear a disproportionate impact from the automatic spending reductions, known as sequestration, in the coming year.



unhappycamper comment: "Kendall said that he expects the defense industry to bear a disproportionate impact from the automatic spending reductions".....

Say what? You're still bitching about a five fucking percent reduction?