U.S. aerospace and defense companies have drawn a line in the sand, telling Congress that budget cuts beyond more than $350 billion the Pentagon expects over the next decade will erode the country’s industrial base and diminish its ability to respond to future threats. Top executives of Boeing, Pratt & Whitney and other aerospace companies came to Washington last week to lobby members of the 12-member congressional “super committee” that is looking for ways to cut overall government spending by $1.5 trillion more. Companies also launched the “Second to None” initiative under the umbrella of the Aerospace Industries Association (AIA) to broaden their appeal to the public.
The $350 billion in defense spending cuts contained in debt-limit legislation passed by Congress in August, with other committed budget drawdowns by the Pentagon, brings the planned reduction in spending to $460 billion or more over 10 years, claimed Marion Blakey, AIA president and CEO. “Our position is no more,” Blakey told reporters at the National Press Club. “We do believe at this point, with the kind of cut that has already been tabled with the [debt-limit] act, that defense has been cut into the bone and we cannot have that continue.”
