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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 JerseyPhillipsburg2012Batteries, Rechargeable$6,184-$557-$1,113
New JerseyPhillipsburg2012Bearings, Antifriction, Unmounted$7,650-$689-$1,377
New JerseyPhillipsburg2012Bearings, Mounted$3,650-$329-$657
New JerseyPhillipsburg2012Bearings, Plain, Unmounted$14,586-$1,313-$2,625
New JerseyPhillipsburg2012Coil, Flat, And Wire Springs$3,738-$336-$673
New JerseyPhillipsburg2012Coils and Transformers$92,252-$8,303-$16,605
New JerseyPhillipsburg2012Fastening Devices$8,572-$771-$1,543
New JerseyPhillipsburg2012Fittings and Specialties; Hose, Pipe, Tube$47,672-$4,290-$8,581
New JerseyPhillipsburg2012Gas Generating and Dispensing Systems$321,274-$28,915-$57,829
New JerseyPhillipsburg2012Hand Tools, Nonedged, Nonpowered$64,691-$5,822-$11,644
New JerseyPhillipsburg2012Hardware, Weapon System$12,970-$1,167-$2,335
New JerseyPhillipsburg2012Liquid Propellant Fuels, & Oxidizers Chemical Base$451,301-$40,617-$81,234
New JerseyPhillipsburg2012Maint & Repair of Eq/Ship & Marine Equipment$66,575-$5,992-$11,984
New JerseyPhillipsburg2012Miscellaneous Communication Equipment$7,500-$675-$1,350
New JerseyPhillipsburg2012Miscellaneous Hardware$26,312-$2,368-$4,736
New JerseyPhillipsburg2012Miscellaneous Ship and Marine Equipment$14,139-$1,273-$2,545
New JerseyPhillipsburg2012Motors, Electrical$324,066-$29,166-$58,332
New JerseyPhillipsburg2012MSL Aircraft Accessories and Components$832,539-$74,929-$149,857
New JerseyPhillipsburg2012Nuts and Washers$47,491-$4,274-$8,548
New JerseyPhillipsburg2012O-Ring$12,200-$1,098-$2,196
New JerseyPhillipsburg2012Packing and Gasket Materials$253,984-$22,859-$45,717
New JerseyPhillipsburg2012Plate, Sheet, Strip, Foil; Iron and Steel$6,884-$620-$1,239
New JerseyPhillipsburg2012Power and Hand Pumps$8,881,600-$799,344-$1,598,688
New JerseyPhillipsburg2012Screws$47,940-$4,315-$8,629
New JerseyPhillipsburg2012Studs$3,725-$335-$671
New JerseyPhillipsburg2012Tech Rep SVCS/Metalworking Machinery$19,021-$1,712-$3,424
New JerseyPhillipsburg2012Valves, Powered$4,668-$420-$840
TOTAL   $11,583,184-$1,042,489-$2,084,972

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 19:04:08 www.forthecommondefense.org