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Image released by the United States Air Force
The looming sequester--across-board-cuts in defense and domestic discretionary spending that Congress and President Barack Obama agreed to in 2011--was the subject in opening remarks at an unusual press briefing offered by officals of Northrop Grumman, a major defense contractor that could see its business shrink along with the Pentagon budget.
In 2012, Northrop Grumman ranked tenth among U.S. contractors with $4.2 billion in awards mostly from the Pentagon, data in USASpending.gov shows. And according to the Center for Responsive Politics, Northrop Grumman ranked as the tenth largest spender on ...Continue reading