Top 10 GovCon Stories – #2 – DOD Funding Cuts
In 2010, U.S. Defense Secretary Robert Gates announced his plan to cut 10 percent in spending on support contractors and overall spending cuts over 5 years totalling over $100 billion. The move has not been without controversy in the government contractor community, the military and among political leaders. For starters, Gates proposal includes dismantling of Joint Forces Command based in Norfolk, VA, which impacts thousands of jobs. The proposed cuts on contractor work, which is expected to roll some work to full-time government positions, also is being felt across the country.