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Virginia

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 Virginia 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 Virginia 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.
 

StateCountyContract YearProduct or Service$ AmountReduction
   by 9.0%
Reduction
   by 18.0%
VirginiaPatrick2012ADP Input/Output and Storage Devices$22,650-$2,039-$4,077
VirginiaPatrick2012Clothing, Special Purpose$84,568-$7,611-$15,222
VirginiaPatrick2012Engine Fuel Sys Components, Nonaircraft$401,932-$36,174-$72,348
VirginiaPatrick2012Individual Equipment$60,460-$5,441-$10,883
VirginiaPatrick2012Intercomm & Public Address Sys, Ex Airborne$2,335-$210-$420
VirginiaPatrick2012Marine Lifesaving and Diving Equipment$97,542-$8,779-$17,558
VirginiaPatrick2012Miscellaneous Hardware$11,340-$1,021-$2,041
VirginiaPatrick2012MSL Aircraft Accessories and Components$1,243,609-$111,925-$223,850
VirginiaPatrick2012Other Professional Services$12,027-$1,082-$2,165
VirginiaPatrick2012Parachutes and Cargo Tie Down Equipment$499,314-$44,938-$89,877
VirginiaPatrick2012Rigging and Rigging Gear$85,540-$7,699-$15,397
VirginiaPatrick2012Safety and Rescue Equipment$237,829-$21,405-$42,809
TOTAL   $2,759,146-$248,324-$496,647

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 19:59:25 www.forthecommondefense.org