NGAUS Washington Report
(Dec. 3, 2013) More than 100 chief executive officers of defense and aerospace industries have urged Congress to end sequestration, which, they say, is harming the economy and national security, according to a CNN report online.
“We urge you to do whatever it takes to end sequestration before even greater damage is done to our nation’s defense industrial base, technological advantages and national security,” a letter signed by 110 CEOs and sent by Aerospace Industries Association, a defense trade group.
The letter was sent to President Barack Obama, Sen. Harry Reid, D-Nev., the Senate majority leader, and Rep. John Boehner, R-Ohio, the speaker of the House.
NGAUS also has been trying to make Congress aware of the impact of sequestration on the defense industry and military readiness. It is part of a small group of military associations that have been working with the National Defense Industrial Association, the Aerospace Industries Association and the Shipbuilders Council of America on the issue.
At a press conference Monday, Wes Bush, the CEO of Northrop Grumman, said his company would release more workers if the forced budget cuts went through in January.
“When there is less money to be spent, it has implications,” he said.
Sequestration cut $80 billion from the federal budget in March. If Congress does not reach a budget deal by Jan. 15, sequestration will take an additional $110 billion from the nation’s budget.