 March 1, 2013 | News for the aerospace industry |
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- Sequester measures fail, cuts are set to begin
Sequestration cuts are to begin today, following failure in the Senate of two bills that would have replaced the automatic, across-the-board cuts. Democrats advanced a bill that would have included tax increases and spending cuts while a Republican measure focused on trimming spending. It's unclear if lawmakers will craft new legislation aimed at halting sequestration once it's under way. The Hill
(2/28), Defense News
(2/28)      
- Defense contractors carry on the fight
Despite the fact that a solution to sequestration wasn't passed before today's deadline, the defense industry is pressing forward with the fight. "It's the dumbest way of doing things I've ever heard -- they don't even know what they'll be throwing away," said Ferco Aerospace Group Chairman Joe Murphy. "I know that the military needs to be drawn down, but it needs to be done with intelligence, not chopped off with a meat cleaver." Fox Business Small Business Center
(2/28), USA Today
(2/28)
- Calif. aerospace jobs, companies are at risk because of cuts
Sequestration cuts are likely to eliminate jobs in Southern California's aerospace industry and may force some smaller firms out of business entirely, experts say. Some companies are scrambling to find non-defense customers to keep sales flowing. "We could wake up and face a world we've never seen before," said Seal Science Inc. President Gregory Bloom. "We can't make long-term decisions on an uncertain future." Los Angeles Times (tiered subscription model)
(2/28)
- Army training, maintenance will take sequester hit
The Army will cut back combat training, maintenance to machinery and at bases, and other areas as a result of sequestration, says the Army's budget director, Maj. Gen. Karen Dyson. Base construction will also be affected. The Army already has frozen civilian hiring to cope with the cuts. AOL Defense
(2/27)
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- Boeing reportedly will trim Dreamliner workforce
Boeing plans to trim the Dreamliner workforce at its South Carolina factory by as much as 20%, a source has told The Wall Street Journal. The company established the plan as a cost-cutting move before the problems with the batteries grounded the jetliner. It is unclear how the cuts will affect Boeing's push to double its monthly output of the 787. The Wall Street Journal
(2/28), Reuters
(2/28)
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Urgent call to action – Write Congress and the White House to stop sequestration
Today, the federal government will begin implementing the initial round of sequestration budget cuts to defense and other important federal programs. Now is the time to reach out to your elected officials to communicate the urgent need to repeal sequestration. Go to the Second to None website to send a letter to your elected officials in Washington today.
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