The Latest Word on Trends and Developments in Aerospace and Defense Sequester Start. If so called sequestration budget cuts--of $500 billion to planned Pentagon spending over the next decade--kick in starting next January, existing contracts funded with obligated FY ’12 monies would not be impacted, Pentagon spokesman George Little says July 17. However, all funding for FY ’13, which starts in October of this year, would fall under the sequestration cuts even though they would not start until Jan. 2,…
Defense Watch
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