Industry Sequestration News 
Top News
- 5 percent of federal workers to be furloughed Friday
- Congress pressures agencies to speed up office consolidations
- Katherine Archuleta chosen as next OPM director
- Data breach puts DHS workers at risk of identity theft
- DoD chooses interoperability over integration for new e-health record system
- House GOP panel moves on deep budget cuts
- OMB fuels synergy between mobile, open data
- IRS official Lerner: 'I did nothing wrong'
- Accountability breakdown leading factor in DoD sexual assaults
- OMB reworking financial system requirements
- Federal retirement funds temporarily tapped
- VanRoekel to lead OMB management team
- Meet the 2013 Service to America Medal finalists
- Thursday federal headlines - May 23, 2013
Sequestration, debt limit, and more
Trey Hodgkins, senior vice president for Global Public Sector at TechAmerica, will discuss how sequestration and other issues will affect contracting and acquisition.
October 8, 2012
Lockheed, BAE say they won't issue layoff notices if sequestration takes effect
Lockheed Martin will not issue layoff notices — known as Worker Adjustment and Retraining Notification (WARN) notices — if the automatic, across-the-board cuts known as sequestration take effect Jan. 2.
Agencies could be liable for certain costs under sequestration
Agencies will be liable for many of the costs coming from the termination of contracts, including legal fees and employee compensation costs, if sequestration happens Jan. 2, 2013 and if vendors do not issue layoff notices this fall.
13 defense executives bemoan uncertainty of cuts
Defense industry executives criticize the impending sequestration, which they say would lead to the loss of more than 1 million defense-related jobs.
Sequestration, electronic health records, and a Dodd-Frank update
On this week's Bloomberg Government Capital Impact show, analysts will discuss three companies that may benefit from sequestration, rules that could slow the adoption for electronic health records, and the latest on Dodd-Frank.
September 6, 2012
The Ryan budget, sequestration, and mobile apps
On this week's Capital Impact show, guests discuss how the Paul Ryan budget plan would affect federal spending, how NASA would be affected by sequestration, and two new mobile apps for this year's Democratic and Republican conventions.
August 16, 2012
Dr. Strangelove: Or How We Learned To Love Sequestration
Coming soon...maybe...to a federal agency near you: Sequestration. Everybody is talking about it and nobody is doing anything about it. Congress set up the Dr. Strangelove-like time bomb to force it to do something...but so far nobody is doing anything but warning about federal furloughs and layoffs that could also devastate the contractor community.....
Sequestration: What it means for the federal market
Beth Farrell and Jim Schweiter from McKenna Long and Aldridge LLP will discuss the impact of sequestration.
August 14, 2012(Encore presentation September 4, 2012)
FAA cuts could trigger $20 billion blow to national economy
The Federal Aviation Administration is slated to lose $1 billion from its budget if Congress does not act to prevent sequestration, according to a study released by the Aerospace Industries Association. But the cuts would ripple throughout the nation's economy. About 100,000 jobs throughout the economy would be lost.
Analysis: Defense contractors already reducing workforce
The Project on Government Oversight reviewed the size of five of the largest defense contractors and found three of the five were reducing their workforces even as the Defense Department's procurement budget ballooned between 2006 and 2011.
After cuts, defense contractors report record operating margins
With a tighter defense budget and the threat of sequestration, defense contractors say they may have to lay off thousands of workers and look for business overseas.
Small contractors could be hit hardest under planned Defense spending cuts
Small and medium-sized contractors and suppliers receive 75 percent of appropriated dollars for defense or military programs. But these small businesses, who lack the lobbying power of top- tier defense contractors, may suffer more from sequestration than big companies.
Labor Dept. says defense layoffs 'speculative,' no need for warning
Defense industry executives have spent the last few weeks warning that across-the-board budgets cuts that go into effect in January, could force them to issue notifications to employees in the fall to warn of impending layoffs. However, in a new memo issued Monday, the Labor Department said the lack of clarity about how the cuts would be applied means it would be "inappropriate" to issue Worker Adjustment and Retraining Notification (WARN) Act notifications.
Senators quiz defense companies on sequestration
Letter, sent to 15 large vendors, asks for estimated impacts of sequestration on defense contractors.
Lockheed CEO warns of increased government costs from sequestration
The largest federal contractor is struggling to prepare for about $1 trillion in cuts that are due to take effect in January. Retiring-CEO Robert Stevens said agencies will ask vendors to modify contracts and that in turn will drive up the costs of those programs. Lockheed Martin already is taking steps to reduce its spending by consolidating facilities and reducing staff.
Analysis: Sequestration would drive contractors over 'fiscal cliff'
Defense contractors are growing increasingly worried about the automatic, across-the-board budget cuts, known as sequestration, which are set to take effect in January. Marion Blakey, the president and CEO of the Aerospace Industries Association, said the cuts would hit the defense industry particularly hard.
Vendors start to see contracts slowing down with sequestration looming
Contractors warn of possible layoffs due to potential budget cuts. Some companies are in waiting mode to see what happens with Congress over the next six months.
September Defense spending spree takes on new urgency
The Office of Management and Budget estimates that $83.5 billion in previous years' Department of Defense funds will remain unobligated on Sept. 30, the end of fiscal 2012, reports Kevin Brancato and Robert Levinson of Bloomberg Government.
Top issues affecting contractors
Professional Services Council President and CEO Stan Soloway will talk contracting with host Mark Amtower.
May 7, 2012
Sequestration may hit defense industry harder than troops
Sequestration would kill hundreds of thousands of defense industry jobs, the Pentagon warns. Frank Kendall told senators during his nomination hearing to be the DoD acquisition chief that personnel accounts would be shielded so lower-tiered contractors would feel the brunt of cuts.
