8/22/2011

The Budget Control Act of 2011 is poised to significantly reduce defense spending, with large embattled programs expected to be the major targets. Most analysts list the Lockheed Martin Joint Strike Fighter jet program, the Lockheed Martin-Austal Littoral Combat Ship program and the V-22 tiltrotor program from Bell and Boeing as the most likely candidates for cuts, but other programs are also expected to see reductions. The Aerospace Industries Association lobbied for defense advocates to be named to the "supercommittee" overseeing defense cuts, but only a few pro-defense lawmakers were chosen.

Related Summaries