Government contractors of all sizes have certainly felt the impact of reduced spending and sweeping cuts over the last year. However, it is likely that the greatest damage is still to come. DoD spending cuts are expected to increase by 40% in FY2014 as compared to FY2013 ($52B vs. $37B). Additionally, mitigation tools and resources that have reduced the impact in FY2013 may not be available in FY2014 and future periods.
To date, the DoD has cut spending through furloughs and reductions in training, travel, and maintenance expenses. Additionally, the DoD has used unobligated funds from prior years to soften …read more
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