There's probably no group of companies more alarmed about going over the "fiscal cliff" of tax increases and spending cuts due to take effect next month than defense contractors. The cliff is heavily geared toward inflicting pain on the industry, with $500 billion in cuts to government defense spending over the next decade, a process called for extraordinarily boring reasons "sequestration."
In recent weeks, defense industry representatives have issued increasingly dire warnings about the dangers posed by the cuts.
In recent weeks, defense industry representatives have issued increasingly dire warnings about the dangers posed by the cuts.