Industry Fears Budget Cuts Will Devastate Aerospace Sector

Looming defense cuts will lead to changes in the way the U.S. Air Force does business with industry, said Chief of Staff Gen. Norton A. Schwartz. In a Sept. 20 keynote address at the Air Force Association's Air and Space Conference and Technology Exposition, Schwartz said there is no room anymore for companies to “over-promise only then to under-deliver.” There will be no blank checks for industry, and the military will not be able to have everything it wants.

See the full article at National Defense Magazine