23 Jul '12, 12pm

Crack in the edifice: some defense industry execs dispute that sequestration would be the end of the world.

As the rhetoric on Capitol Hill continues to rage over the pending automatic U.S. budget cuts known as sequestration, senior defense executives and industry representatives are forming into two camps. The first camp has no shortage of dire predictions over the devastation to the nation’s industrial base if the cuts take effect next January. A second, less visible group is quietly wondering if the fire and brimstone might be excessive — and even damaging — to the cause. On the vocal side, four CEOs testifying before the House Armed Services Committee last week repeated many of the points recently offered to the press. Many members of Congress and the executives — Robert Stevens of Lockheed Martin, Sean O’Keefe of EADS North America, David Hess of Pratt and Whitney, and Della Williams of Williams-Pyro — were not shy about their dislike of the sequester. In less than two hour...

Full article: http://www.defensenews.com/article/20120722/DEFREG02/3072...

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