Defense Industry CEOs Acknowledge Inevitability Of Additional Pentagon Cuts
By Jen DiMascio
Source: Aerospace Daily & Defense Report
RTI International Metals has supplied titanium to every defense aircraft that flies in the U.S., says company CEO Dawne Hickton. But with the uncertainty surrounding defense spending, the company is moving into the medical device business. Three years ago, defense made up 40% of the company’s business, Hickton said. “Today it’s down to 20%.”
Bush pointed out that implementation details for sequestration are still unknown, and the White House Office of Management and Budget has not released any agency guidance. But barring leaks, says the Stimson Center’s Russell Rumbaugh, no one should expect any disclosure.