Navy cuts could be "catastrophic," BAE Systems executive says

The U.S. Navy is planning to cancel maintenance and modernization on 22 ships if sequestration occurs March 1. "It is catastrophic to our industry, to our employees and, equally as important, to the readiness of those ships," said Bill Clifford, president of BAE Systems Ship Repair.

Share

This news summary appeared in AIA dailyLead® on 02/15/2013
Click here to view the full issue.


View the original article:
CBS News

Want to see more news summaries?
Sign up for AIA dailyLead®

AIA dailyLead® is a FREE, daily email newsletter that summarizes the day's top industry news from hundreds of sources. Each day, subscribers receive 8-10 headlines and news summaries like the one to the left
Sign up:
About SmartBrief
SmartBrief is the leading online publisher of targeted business news and information by industry. By combining technology and editorial expertise, SmartBrief filters thousands of sources daily to deliver the most relevant industry news in partnership with more than 180 trade associations, professional societies nonprofits and corporate entities