Wednesday, February 6, 2013

Northrop Grumman - Defense Firms Discuss Automatic Spending Cuts Reuters - White House

Wed Feb 6, 2013 12:43pm EST

WASHINGTON Feb 6 (Reuters) - Senior White House authorities met with chief operatives coming from leading security installers about Wednesday to help discuss that impact therefore to their companies associated with deep automatic federal paying pieces slated taking impact on March 1, White House spokesman Jay Carney shared with reporters.

The conference came up a single day soon after President Barack Obama urged Congress to explode upward with a number of short-term investing cuts and also come across new levy revenues for you to put off the $85 million throughout across-the-board "sequester" cuts, which economists possess explained could injure the economy.

Top Republican lawmaker John Boehner, the actual lecturer in the House connected with Representatives, explained with Wednesday that will they might oppose any hold off inside sequester not having other spending cuts along with reforms. [ID:nL1N0B67GH'

The meeting using Obama's top rated financial advisers integrated executives from Northrop Grumman , BAE Systems, Pratt & Whitney, ITT Exelis, Huntington Ingalls and privately stored Aurora Flight Sciences Corp, Carney said.

"The focus of the conversing had been that potential destructive consequence belonging to the sequester planning into effect," Carney said.

For example, Northrop Grumman possesses about 20,000 small organisations who supply the actual enormous designer and installer - businesses which likewise could be injured simply by the paying cuts, he said.

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