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New York

Defense Breakdown Economic Impact Report
By Place of Performance Data -- Sorted by Product or Service

(FY 2012 Defense Contracts Baseline Data)

Estimated 9% to 18% Annual Budget Reductions Starting in FY 2013

Go to www.forthecommondefense.org/reports to view detailed reports on New York counties, cities, Congressional Districts, industries, small businesses and information on sources and methodology.


         BACKGROUND ON THE DEFENSE BUDGET CUTS: 2013-2021

  • Our military is carrying an unfair burden of deficit cuts. To date, our Defense budget has been hit with 50% of deficit reduction -- yet it accounts for less than 20% of total federal spending. As a result of these cuts, in 2012 President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action."
     
  • Sequestration Defense budget cuts of $500 billion, combined with previous Defense cuts of another $487 billion, will cut defense spending in local communities by 9% to 18% between 2013 and 2021.
     
  • These reports show how estimates of defense budget reductions from 9% to 18% could affect New York with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
     
  • Alternative solutions have been proposed to maintain a strong defense, reduce our deficit and avoid tax increases. Elected officials have proposed that the President and Congress reduce mandatory entitlement spending and make cuts in the non-security programs in the Federal budget. Over 60% of federal spending goes to entitlements like Social Security, Medicare, Medicaid and now Obamacare.
 

StateCityContract YearProduct or Service$ AmountReduction
   by 9.0%
Reduction
   by 18.0%
New YorkHoltsville2012Aircraft Ground Servicing Equipment$5,196-$468-$935
New YorkHoltsville2012Airframe Structural Components$1,103,472-$99,312-$198,625
New YorkHoltsville2012Bolts$213,099-$19,179-$38,358
New YorkHoltsville2012Chemicals$731,919-$65,873-$131,745
New YorkHoltsville2012Fastening Devices$36,435-$3,279-$6,558
New YorkHoltsville2012Fittings and Specialties; Hose, Pipe, Tube$3,236-$291-$582
New YorkHoltsville2012Gas Generating and Dispensing Systems$3,575-$322-$644
New YorkHoltsville2012Laboratory Equipment & Supplies$108,098-$9,729-$19,458
New YorkHoltsville2012Liq & Gas Flow, Liq LVL, & Mech Motion Meas Instru$118,272-$10,644-$21,289
New YorkHoltsville2012Misc Electric Power & Distribution Eq$4,650-$419-$837
New YorkHoltsville2012Misc Electrical & Electronic Components$3,735-$336-$672
New YorkHoltsville2012Miscellaneous Chemical Specialties$13,472-$1,212-$2,425
New YorkHoltsville2012Miscellaneous Hardware$9,347-$841-$1,682
New YorkHoltsville2012MSL Aircraft Accessories and Components$8,230-$741-$1,481
New YorkHoltsville2012Nails, Keys, And Pins$40,426-$3,638-$7,277
New YorkHoltsville2012Nuclear Reactors$98,000-$8,820-$17,640
New YorkHoltsville2012Nuts and Washers$358,351-$32,252-$64,503
New YorkHoltsville2012Other Quality Cntl SVCS/Service & Trade Equipment$438,415-$39,457-$78,915
New YorkHoltsville2012Packing and Gasket Materials$157,759-$14,198-$28,397
New YorkHoltsville2012Plastics Fabricated Materials$765-$69-$138
New YorkHoltsville2012Pressure, Temp, & Humidity Meas & Contrling Instru$107,826-$9,704-$19,409
New YorkHoltsville2012Rivets$92,789-$8,351-$16,702
New YorkHoltsville2012Screws$1,346,728-$121,206-$242,411
New YorkHoltsville2012Signs, Advertizing Displays, And Ident Plates$472-$42-$85
New YorkHoltsville2012Studs$3,539-$319-$637
TOTAL   $5,007,806-$450,702-$901,405

Data sources and more data available at www.governmentcontractswon.com, compiled from public data at www.fpds.gov

Created by the Center for Security Policy Defense Breakdown Economic Impact Report Generator (v.2.8.0-PoP) November 6, 2013 19:09:00 www.forthecommondefense.org