Defense Industry’s Armageddon Prediction Clashes With Profits

Defense Industry’s Armageddon Prediction Clashes With Profits

Contractors such as Northrop Grumman and SAIC Inc. are warning the public about the negative impacts they believe the reductions would have. They were among the companies that held a rally July 30 against the cuts at the Crystal City Marriott in Arlington, Virginia that attracted several hundred people. Some of the participants held signs shaped like stop signs and wore “stop sequestration” T-shirts and buttons. Photo: Kevin White/Bloomberg