Oklahoma
Defense Breakdown Economic Impact Report
By Contractor Location Data -- Sorted by Veteran Ownership
(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 Oklahoma 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 Oklahoma with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
| |
State | Contract Year | Veteran Ownership | Contract Count | $ Amount | Reduction by 9.0% | Reduction by 18.0% | Oklahoma | 2011 | -- | 3,202 | $1,862,172,134 | -$167,595,499 | -$335,190,997 |
Oklahoma | 2011 | Other Veteran | 320 | $177,119,576 | -$15,940,762 | -$31,881,525 |
Oklahoma | 2011 | Service-Disabled Veteran | 148 | $52,435,176 | -$4,719,166 | -$9,438,332 |
TOTAL | | | 3,670 | $2,091,726,886 | -$188,255,427 | -$376,510,854 |
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-CL) February 21, 2013 00:13:26 www.forthecommondefense.org