New Mexico Business Weekly
More than 700 New Mexico companies could potentially lose business in the coming years if $500 billion in Defense Department sequestration budget cuts go into effect, says a Washington, D.C.-based defense advocacy group.
Those 707 businesses are in the state’s three congressional districts. Some received thousands and some received millions of dollars of defense contracts in FY11, said the Center for Security Policy, which describes itself as a nonprofit, nonpartisan national security organization. To see details on the companies and their contracts, view the database below. Data can be sorted by column.
The CSP on Wednesday released information on Defense Department contracts for every U.S. congressional district. The information was compiled with data from the Federal Data Procurement System, the CSP said.
According to the data, New Mexico’s 1st Congressional District had 349 companies that received defense contracts in FY11. The 2nd Congressional District had 201 firms, and the 3rd Congressional District, 157.
In June, the CSP estimated New Mexico could lose up to 8,216 jobs and $150 million a yearin defense contracts if sequestration cuts take effect in January as scheduled.
Those job losses would include 3,600 active-duty military and civilian Defense Department personnel, and 4,600 private-sector employees.
This article can be read here: http://www.bizjournals.com/albuquerque/news/2012/08/22/see-the-700-nm-companies-that-got.html