All Weekend, Every Weekend. On C-SPAN3.

Defense Contractors Testify on Sequestration Effects

Washington, DC
Wednesday, July 18, 2012

Defense industry executives join the House Armed Services Committee Wednesday for a hearing to examine the implications of sequestration and its potential effects on the national defense industry.

Pentagon officials have sounded the alarm on the impact of $500 billion in automatic budget cuts over a decade set to begin Jan. 2013. The cuts, referred to as sequestration, are the result of Congress being unable to agree on deficit reduction measures, and are on top of $487 billion in defense cuts already planned over the next 10 years.

In June, Defense Department Director Leon Panetta told reporters that top Pentagon officials are working with defense industry CEOs to tell Congress it must take immediate action to avoid automatic budget cuts.

At Wednesday's hearing, defense industry executives discussed issues involving the Worker Adjustment and Retraining Notification Act, which requires advance notification of layoffs, the effect of the cuts on the economy and other federal agencies and the need for clarity to allow contractors to plan.

The defense industry executives also noted that they have seen a change in recruitment of new employees since the bill passed, with fewer resumes coming in, and that they have refrained from additional hiring recently knowing that they may be forced to lay people off in the first quarter of 2013.

All of the executives noted that, regardless of the rhetoric in Washington about cancelling the sequestration, they had a responsibility to treat it as law until actions were taken to change it.

Participants include Lockheed Chairman and CEO Robert Stevens and his EADS counterpart Sean O'Keefe.  Top defense contractor officials from Pratt and Whitney and Williams-Pyro will also testify.

Updated: Wednesday, July 18, 2012 at 2:56pm (ET)

Related Events

Brookings Institution Discusses Avoiding Sequestration
Tuesday, June 26, 2012     

Sen. Kelly Ayotte (R-NH) gave the keynote address at a Brookings Institution event examining the implications of sequestration and potential alternatives.

U.S. Capitol Grounds in Spring
Today     

Architect of the U.S. Capitol Stephen Ayers talks about the U.S. Capitol grounds in springtime.

George Washington's "New Room" Restoration
Sunday     

We go to George Washington’s Mount Vernon estate to see what he called the “New Room” – which, after 14 months, $600,000, and extensive scientific and scholarly analysis, is once again a room he would recognize. The Mount Vernon Ladies Association, owners of Washington’s estate since 1858, believe that a room long thought to be used for dining was actually more of a statement room – one designed to project Washington’s own sense of himself as a gentleman farmer, Revolutionary War general and first president of the United States. We get an up close look at Mount Vernon’s grandest room and hear from the team of historians and curators behind its restoration. This event was hosted by Mount Vernon.

Civil Rights Summit - President Speeches
Sunday     

President Obama was joined last week by three predecessors – Jimmy Carter, Bill Clinton and George W. Bush – to mark the 50th anniversary of the Civil Rights Act of 1964, which was signed into law by President Johnson. They each delivered remarks at the Civil Rights Summit hosted by the Lyndon B. Johnson Presidential Library in Austin, Texas.

50th Anniversary of New York Times v. Sullivan
Sunday     

Decided by the Warren Court in 1964, New York Times v. Sullivan was a landmark U.S. Supreme Court case, upholding the freedom of the press and greatly reducing the number of libel lawsuits. Attorneys Lee Levine and law professor Steve Wermiel tell the story of Justice Brennan’s struggle to thwart efforts to overturn the Sullivan case. Their new book is The Progeny: Justice William J. Brennan’s Fight to Preserve the Legacy of New York Times v. Sullivan. The Newseum hosted this event. 

Reel America: "The Treasury Story" 1969
Sunday     

A history of the U.S. Department of the Treasury, which was founded in 1789. Funded by the Treasury Dept., the film includes reenactments and documentary segments of employees engaged in Treasury activities ranging from the IRS to money printing, to the Secret Service.

Lectures in History: Satchel Paige, Negro Leagues Baseball & Civil Rights
Saturday     

University of Miami history professor Donald Spivey teaches a class on African American baseball pitcher Satchel Paige and how he and those involved in the Negro Leagues contributed to the fight for civil rights. 

Marian Anderson Concert - 75th Anniversary
Saturday     

A tribute to African American classical singer Marian Anderson, who performed 75 years ago on the steps of the Lincoln Memorial. It was Easter Sunday— April 9th, 1939—and approximately 75,000 people attended the free concert. Washington's DAR Constitution Hall had refused to schedule her because of her race. Interior Secretary Sally Jewell and the Superintendent of the National Mall were among the speakers. 

The Civil War: Gen. Joseph E. Johnston & the Atlanta Campaign
Saturday     

Author and historian Richard McMurry talks about the Civil War career of Confederate General Joseph E. Johnston, up to and through his command of the Army of Tennessee and the Atlanta Campaign in the spring and summer of 1864. This talk was part of a symposium on 1864 and the Western Theater, held by the Civil War Center at Kennesaw State University in Kennesaw, Georgia.
 

Technology in Gilded Age Mansions
Saturday     

Historian Patrick Sheary discusses technology in Gilded Age mansions. Wealthy families sought to incorporate the latest innovations into their European revival homes. The period not only witnessed innovations in building materials and plumbing but also saw the advent of electricity, air conditioning, phones, and elevators.

Share This Event Via Social Media

Photo Gallery

Washington Journal (late 2012)
Questions? Comments? Email us at AmericanHistoryTV@c-span.org