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Florida Worries About the Defense Budget

by: Matthew Potter
December 1, 2008

Category: Department of Defense, Federal Budget Process, Florida, Lockheed Martin, Military Aviation, production program, Restructuring | RSS 2.0

This article in the OrlandoSentinal.com describes concerns that with the continued payout of money to save finance and other companies the US government may be forced to cut the defense budget. Concern surrounds the two big ticket fighter aircraft currently in production for the US military. The F-22 program is winding down unless Congress decides to extend the production beyond current planned numbers. There are also worries that the F-35 JSF program will be cut back or canceled. These programs provide a lot of work to Lockheed in the Orlando area.

The US Defense Budget has often been boom-or-bust over the last 100 years. Normally there will be a build up during a conflict, such as WW II or Vietnam, followed by a retrenchment that leads to major cuts in spending. This happened in the Seventies and Nineties. Most defense contractors would willingly trade big contracts for a few years with a steady stream of work as that allows better planning and efficiencies. Unfortunately that has often not been the way in the US; and there are concerns that a downturn in spending with the new administration and economic condition will lead to severe effects to certain cities and states.

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