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Select 12 defense cuts could lead to layoffs

For the dozen lawmakers tasked with producing a deficit-cutting plan, the threatened "doomsday" defense cuts hit close to home.

By Donna Cassata | Updated on August 15, 2011
In this July 16, 2011, file photo U.S. Marines 1st Tank Battalion Pfc. Lowell Stevens, 20, of the Bronx borough of New York, jumps off a M1A1 Abrams tank at Combat Out Post Shir Ghazay in Helmand province, Afghanistan. (AP Photo/David Goldman, File)

WASHINGTON (AP) — For the dozen lawmakers tasked with producing a deficit-cutting plan, the threatened “doomsday” defense cuts hit close to home.

The six Republicans and six Democrats represent states where the biggest military contractors — Lockheed Martin, General Dynamics Corp., Raytheon Co. and Boeing Co. — build missiles, aircraft, jet fighters and tanks while employing tens of thousands of workers. The potential for $500 billion more in defense cuts could force the Pentagon to cancel or scale back multibillion-dollar weapons programs. That could translate into significant layoffs in a fragile economy, generate millions less in tax revenues for local governments and upend lucrative company contracts with foreign nations.

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