California
Defense Breakdown Economic Impact Report
By Place of Performance Data -- Sorted by Product or Service
(FY 2011 Defense Contracts Baseline Data)
Includes Estimated 9% Annual Budget Reduction
And
Estimated 18% Sequestration Annual Budget Reduction
Starting in FY 2013
Go to www.forthecommondefense.org/reports to view detailed reports on California 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.
- Earlier Budget Cuts: the first 9% Defense Budget Reduction: Defense budgets for 2013-2021 were cut $487 billion -- an average 9% cut over 9 years. In 2012, President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action."
- Sequestration Budget Cuts: the second 9% Defense Budget Reduction: "Sequestration," also required by law in 2011, mandates $500 billion more in 2013-2021 defense cuts -- an average total 18% cut. In 2011 President Obama said "I will veto any effort to get rid of those automatic spending cuts."
- 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.
- Be Prepared: These reports show how estimates of 2013 defense budget reductions of 9% and 18% could affect California with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
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State | City | Contract Year | Product or Service | $ Amount | Reduction by 9.0% | Reduction by 18.0% | California | Wilmington | 2011 | Conveyors | $402,240 | -$36,202 | -$72,403 |
California | Wilmington | 2011 | Fastening Devices | $8,944 | -$805 | -$1,610 |
California | Wilmington | 2011 | Guided Missile Components | $96,960 | -$8,726 | -$17,453 |
California | Wilmington | 2011 | Liquid Propellant Fuels, & Oxidizers Chemical Base | $2,146,611 | -$193,195 | -$386,390 |
California | Wilmington | 2011 | Marine Hardware and Hull Items | $30,443 | -$2,740 | -$5,480 |
California | Wilmington | 2011 | Miscellaneous Hardware | $1,270 | -$114 | -$229 |
California | Wilmington | 2011 | Miscellaneous Ship and Marine Equipment | $5,574 | -$502 | -$1,003 |
California | Wilmington | 2011 | MSL Aircraft Accessories and Components | $11,616 | -$1,045 | -$2,091 |
California | Wilmington | 2011 | Rivets | $8,798 | -$792 | -$1,584 |
California | Wilmington | 2011 | Switches | $221,713 | -$19,954 | -$39,908 |
TOTAL | | | | $2,934,169 | -$264,075 | -$528,151 |
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.2.7.0-PoP) February 21, 2013 01:05:46 www.forthecommondefense.org