Sacramento Business Journal
Some California counties would be hit particularly hard by defense budget cuts scheduled to take effect next year, according to data compiled by a pro-defense think tank in Washington.
The Center for Security Policy, founded by former White House defense official Frank Gaffney, estimated potential losses for each county at 18 percent of defense contracts for local companies in 2011. The cuts, known as “sequestration,” are a provision of the last federal budget deal that calls for automatic across-the-board spending cuts unless Congress reaches a deficit-reduction deal.
The White House, however, has not said how the automatic cuts would be distributed if Congress fails to act.
Click through the slideshow to see which counties will be hit the hardest by defense cuts.
Among companies in the Sacramento area with the largest defense contracts are Health Net Federal Services, at $3 billion, and Aerojet, at $68 million.
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