Contractors fret over budget

Defense contractors have converged on Capitol Hill in recent weeks to shore up congressional support for projects, according to Politico. They’re concerned by the pledge by Defense Secretary Robert Gates to reduce military spending. While details of the $534 billion defense budget remain unknown, the ax could fall on some as early as next week. (Source: Politico, 04/02/09) Gulf Coast note: Numerous defense programs impact the Gulf Coast, which has multiple military bases and defense contractor operations.