Lockheed: Sequester will hit hard next year

09/4/2013 | Reuters

If sequestration isn't halted, it will have a sharp effect in 2014 with possible program cancellations and delays, said Dale Bennett, executive vice president of Lockheed's Mission Systems and Training division. "All the programs are on the table to be discussed" by the Pentagon, said Bennett, speaking at the Reuters Aerospace and Defense Summit. "The programs that are performing will have a higher probability of proceeding forward." Some fear sequestration cuts could reduce the size of the Navy's planned Littoral Combat Ship order.

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