Defense contractors warn of layoffs, streamline ahead of budget cuts

June 28, 2012 - 01:30 PM
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Military contractors remain in limbo as Congress grapples with budget cuts and the possibility of sequestration. Some contractors, like Lockheed Martin and SAIC, threatened mass layoffs this month.

Any way you look at it, top defense contractors will be fighting for less government revenue in the years to come.

Jill Aitoro, federal contracting reporter for the Washington Business Journal, discussed those issues with Capital Insider.

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