Defense spending said turning down

Apr 27, 2012 | 05:11 PM | Thorsten Schier

Tags  AMM Aerospace Materials Conference, Dana Hullinger, Robert Olson, Myles Walton, Thorsten Schier

NEW YORK — Defense industry suppliers will have to cope with a drop in orders over the next few years due to defense budget cuts, analysts say.

"Research and development will come down first; procurement will come down shortly after," Boeing Co. supply chain director Dana W. Hullinger told participants at AMM’s 6th Annual Aerospace Materials Conference in Pittsburgh. He noted that defense budget cuts of between $600 billion and $800 billion are projected over the next 10 years. ....

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