Cuts will be made – but they will be imprecise and without regard to priority.
Washington, DC (PRWEB) July 18, 2012
Earlier today, Sean O'Keefe, Chairman of the National Defense Industrial Association (NDIA) and EADS North America Chairman and CEO, testified before the full House Armed Services Committee regarding the potentially damaging effects of sequestration on the U.S. aerospace and defense industry.
"Many in Washington believe that the disastrous impact of sequestration is a distant threat since it would not be implemented until January 2013," began O'Keefe, who gave his testimony on behalf of over 90,000 corporate and individual members he represents under the NDIA and EADS North America organizations. "But as you, and your fellow committee members know well, the fiscal challenges of sequestration are already upon us. Industry shares your concerns—and our experience to date validates your alarm," he added, according to his written testimony.
At the testimony, which took place in the Rayburn House Office Building, O'Keefe was joined by Lockheed Martin Chairman and CEO Robert Stevens, Pratt and Whitney President David Hess, and Williams-Pyro President Della Williams.
"As your defense industrial partners," O'Keefe told the Committee, "we recognize that reconciling federal spending to revenues is absolutely essential in securing lasting economic stability and national security. But we fear that the government's reluctance to make difficult choices and apply a well-aimed fiscal razor will mean that the federal budget, and particularly defense, will get the equivalent of a shave with a chain saw....Cuts will be made – but they will be imprecise and without regard to priority."
O'Keefe's written testimony can be found online at the NDIA website: http://www.ndia.org/Advocacy/Resources/Pages/Testimony.aspx
About EADS North America:
EADS North America is the North American operation of EADS, a global leader in aerospace, defense and related services. As a leader in all sectors of defense and homeland security, EADS North America and its parent company, EADS, contribute over $11 billion to the U.S. economy annually and support more than 200,000 American jobs through its network of suppliers and services. Operating in 17 states, EADS North America offers a broad array of advanced solutions to its customers in the commercial, homeland security, aerospace and defense markets.
The National Defense Industrial Association (NDIA) is America’s leading Defense Industry association promoting national security. NDIA provides a legal and ethical forum for the exchange of information between Industry and Government on National Security issues. NDIA members foster the development of the most innovative and superior equipment, training and support for warfighters and first responders through our divisions, local chapters, affiliated associations and events.