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DEFENSE WATCH

By Cal Biesecker

Monday, September 24th, 2012

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The Latest Word On Trends And Developments In Aerospace And Defense Hale’s Fees. Pentagon Comptroller Robert Hale tells the HASC Sept. 20 he does not see the Pentagon facing exorbitant contract-termination fees from defense companies if so-called sequestration budget cuts kick in next January. Rep. Todd Young (R-Ind.) raises concerns about the first year of decade-long reductions not costing the Pentagon the projected $55 billion, but instead $70 billion because of fees for adjusting contracts. Hale reiterated that if the Pentagon has already…

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