When Secretary of Defense Robert Gates announced plans earlier this month to cut $78 billion in military spending on top of $100 billion in efficiency savings announced last summer, nervous government contractors took stock of their programs-and called their lawyers.
A sacred cow since Sept. 11, the Defense Department budget for the first time in a decade is feeling the pinch as the country grapples with a deficit of nearly $1.5 trillion. The Pentagon has already announced some cuts, like General Dynamics Corp.’s $14.4 billion contract to develop the Expeditionary Fighting Vehicle, and contractors are bracing for more to come.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
