Lockheed Predicts $825M Decline in 2013 Sales

Defense contracting giant’s Tuesday earnings report showed expected sequester impact.

Hoyer Praises MD for Vets Full Employment Act

Act helps veterans transfer military credentials to civilian employment.

Pentagon Looks to Cut 5 to 6 Percent of Workforce

New defense budget calls for civilian jobs cuts and base closures.

Pax River Cancels 2013 Air Expo

It’s now official: Sequestration has claimed the Pax River Air Expo planned for later this year.

Furloughs Could Endanger Security Clearances

A Maine Senator notices that furloughs could affect federal workers’ credit ratings and endanger clearances.

Hoyer Says Sequestration Needs to Be Replaced

Hoyer prefers a budget with targeted cuts and additional revenues instead of a continuing resolution.

DoD to Begin Issuing Furlough Notices this Week

Meanwhile, a fight over the MEADS missile program stalls a continuing budget resolution in Congress.

Senate Struggles to Prevent Shutdown Before Break

A continuing resolution bill is still winding its way through as Congress prepares to leave for two weeks.

GAO: The F-35 Is Still a Financial Risk

The General Accounting Office says the Joint Strike Fighter’s affordability is still a major concern.

Continuing Resolution Passes the House

The bill does not stop sequestration, and the Senate is crafting an alternative plan.