As we embark on a new year, imminent cuts to the U.S. Department of Defense (DoD) budget are top of mind for those of us in the military electronics market. At a recent House Armed Services Committee hearing, the nation’s military chiefs cited a $600 billion defense cut as “catastrophic to the military” and having a “severe and irreversible impact.” According to President Obama’s current budget plan, $1 trillion could be withdrawn from military spending over the next ten years — a tactic Defense Secretary Leon Panetta says may even lead to the demise of major programs such as Lockheed Martin Corp.’s F-35 jet.
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