U.S. Arms Buyer Foresees More Program Terminations

By Reuters

Even if sequestration is averted, he made clear that he expected further Pentagon budget cuts.

“The reality is the magnitude of the federal budget challenge that the nation faces is going to demand that every component of the budget play a part,” he told Reuters Wednesday.

Mike Petters, chief executive of warship-builder Huntington Ingalls Industries, told Reuters he expects sequestration to kick in as scheduled, forcing “the right debate, which is how are we going to allocate our resources here?”

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