Preparing for the downturn
August 18, 2008 by Dagpotter
Filed under: Congress, Department of Defense, Federal Budget Process, IT, Massachusetts, Raytheon, S&T, development program, missile defense, production program
Filed under: Congress, Department of Defense, Federal Budget Process, IT, Massachusetts, Raytheon, S&T, development program, missile defense, production program
The Boston Herald writes today about how the various defense companies in Massachusetts are planning for the expected cuts in the defense budget with the end of the fighting in Iraq. While it is certainly expected that the US defense budget will decline beginning in FY09 with either a Republican or Democrat administration, it will probably be slow. The biggest shift will be away from Operations & Maintenance (O&M) funding to more new systems. It will also be interesting to see if the Army and Marines will get smaller after several years of growth. Obviously the biggest player in Massachusetts is Raytheon, they may be cushioned a bit, as they tend to make high-tech weapon and C4ISR systems.
For more see the article “Massachusetts companies brace for wind down in Iraq”.
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