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Search Tags: sequestration
While sequestration is impacting the aerospace industry, the biggest cuts resulted from the Budget Control Act of 2011 and reduced demand in the wake of military withdrawals, said Richard Aboulafia, aerospace analyst at the Teal Group.
Recent earnings reports reveal large margins and strong earnings per share for many prime contractors. But Financial Analyst Michael Lewis expects negative trends to start showing within the next few quarters.
With continuing resolutions and fiscal showdowns running rampant the last few years, government contractors have gotten used to near perpetual budget uncertainty clouding the marketplace. And the automatic, across-the-board budget cuts that kicked in March 1 only complicated contractors' efforts to manage their bottom lines. A panel of experts discuss how contractors are coping with the cuts as part of Federal News Radio's special report, Private Side of Sequestration.
Tags: industry , acquisition , Private Side of Sequestration , Federal Drive , Tom Temin , Emily Kopp , Scott Lewis , Cameron Leuthy , Tim Larkins , ImmixGroup , PS Partnerships , Bloomberg Government , Jack Moore
In contrast to federal employees, who are facing furloughs, many contractors are encountering more elusive sequestration symptoms. Along with reduced government contract spending, federal-employee furlough have also trickled down through the procurement process, resulting in delays, contractors say. This article is part of Federal News Radio's special report, Private Side of Sequestration.
With fewer government contracts coming down the pipeline, small and mid-sized contractors are feeling the pinch of sequestration. Should they diversify, cut staff or sit tight and hope that big contract is just around the corner? Federal News Radio examines these issues in part 6 of our special report, Private Side of Sequestration.
Tags: Private Side of Sequestration , contracting , small business , hiring , workforce , Lisa Mascolo , Optimos , Kymm McCabe , ASI Government , Carmine Taglialatela , TecPort Solutions , Nancy Blethen , Tech Systems , Michael OConnell
On this week's Capital Impact show, Bloomberg Government analysts will discuss legislation that would strengthen the pharmaceutical supply chain, and the second quarter lobbying numbers.
August 1, 2013
Defense Secretary Chuck Hagel says service members will have to share in the pain of sequestration if the automatic budget cuts continue into next year. In a Pentagon press briefing Wednesday, Hagel laid out a "menu of options" for dealing with sequestration in 2014 and beyond, including changes to military pay and benefits, consolidating headquarters staff and a potential modest reduction in military force structure.
Frances Smith, a civilian Defense Department employee, is having problems making ends meet after furloughs trimmed her paycheck. "I'm wondering now, next week, how I'm going to even pay for my groceries," she told Federal News Radio.
What's the difference between an elected politician and a career civil servant? When politicians take time off they get paid, Senior Correspondent Mike Causey says, whereas feds who don't work don't.