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New Jersey

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 Jersey 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 Jersey 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 JerseyLittle Silver2012Airframe Structural Components$13,488-$1,214-$2,428
New JerseyLittle Silver2012Bearings, Antifriction, Unmounted$8,095-$729-$1,457
New JerseyLittle Silver2012Bearings, Plain, Unmounted$70,426-$6,338-$12,677
New JerseyLittle Silver2012Electrical Hardware and Supplies$30,745-$2,767-$5,534
New JerseyLittle Silver2012Fittings for Rope, Cable, And Chain$628-$57-$113
New JerseyLittle Silver2012Guns, 75 MM Through 125 MM$6,283-$565-$1,131
New JerseyLittle Silver2012Hardware, Weapon System$3,466-$312-$624
New JerseyLittle Silver2012Helicopter Rotor Blades, Drive Mechanisms & Compon$13,622-$1,226-$2,452
New JerseyLittle Silver2012Knobs and Pointers$37,274-$3,355-$6,709
New JerseyLittle Silver2012Launchers, Guided Missile$9,664-$870-$1,740
New JerseyLittle Silver2012Launchers, Torpedo and Depth Charge$11,233-$1,011-$2,022
New JerseyLittle Silver2012Lubrication & Fuel Dispensing Equipment$7,860-$707-$1,415
New JerseyLittle Silver2012Misc Alarm, Signal and Security Detection Systems$4,807-$433-$865
New JerseyLittle Silver2012Misc Electrical & Electronic Components$13,400-$1,206-$2,412
New JerseyLittle Silver2012Miscellaneous Hardware$3,168-$285-$570
New JerseyLittle Silver2012Miscellaneous Power Transmission Equip$3,468-$312-$624
New JerseyLittle Silver2012Miscellaneous Weapons$58,319-$5,249-$10,497
New JerseyLittle Silver2012MSL Aircraft Accessories and Components$3,699-$333-$666
New JerseyLittle Silver2012Nails, Keys, And Pins$21,476-$1,933-$3,866
New JerseyLittle Silver2012Nuts and Washers$17,330-$1,560-$3,119
New JerseyLittle Silver2012Refrigeration and Air Conditioning Comps$19,328-$1,740-$3,479
New JerseyLittle Silver2012Relays and Solenoids$3,041-$274-$547
New JerseyLittle Silver2012Rivets$17,891-$1,610-$3,220
New JerseyLittle Silver2012Screws$8,838-$795-$1,591
New JerseyLittle Silver2012Telephone and Telegraph Equipment$4,797-$432-$863
TOTAL   $392,346-$35,313-$70,621

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 19:03:03 www.forthecommondefense.org