New Jersey Defense Breakdown Economic Impact Report
Defense Contracts by Product or Service, New Jersey (Summit), 2010
Using Place of Performance Data -- Sorted by Product or Service
New Jersey Summary Report
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.
- 9%: In 2012, President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action." Defense budgets for 2013-2021 were cut $487 billion -- a 9% cut, at a minimum.
- 18%: "Sequestration," required by law in 2011, mandates $500 billion more in 2013-2021 defense cuts -- an 18% cut, at a minimum. President Obama said he will veto any changes Congress makes.
- Be Prepared: In 2013 these cuts in defense jobs and businesses will hit New Jersey counties, cities and industries. This report shows how "National Average" defense budget reductions of at least 9% and 18% could affect New Jersey, using actual 2010 New Jersey data.
- Ask Questions: In 2012, Congress and President Obama will decide on the specific defense budget cuts. In the next 6 months, find out if these defense cuts affect your community more -- or less -- than this national average. See www.forthecommondefense.org/reports for reports on cities, counties, industries and more.
| State | City | Contract Year | Product or Service | $ Amount | Reduction
by 9.0% | Reduction
by 18.0% | | New Jersey | Summit | 2010 | Bolts | $198,899 | -$17,901 | -$35,802 |
| New Jersey | Summit | 2010 | Engineering Technical Services | $11,247 | -$1,012 | -$2,024 |
| New Jersey | Summit | 2010 | Hand Tools, Power Driven | $25,666 | -$2,310 | -$4,620 |
| New Jersey | Summit | 2010 | Milling Machines | $91,000 | -$8,190 | -$16,380 |
TOTAL | | | | $326,812 | -$29,413 | -$58,826 |
Created by the Center for Security Policy
Defense Breakdown Economic Impact Report Generator (v.2.2.0-PoP) February 20, 2012 13:16:57 www.forthecommondefense.org