Sequester hits small defense firms hardest

08/2/2013 |

While stocks of large defense contractors are rebounding, small firms appear to be feeling the pain of sequestration first. They're less able to diversify than their larger competitors, says Marion Blakey, president and CEO of the Aerospace Industries Association, which makes them vulnerable. "And you know, that's tough because about 70 percent of the programs and equipment that ultimately get furnished come from small companies," Blakey says. "And they're being hit pretty hard."

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