Salient to Investors:
Eric DeMarco at Kratos Defense & Security Solutions said politicians on notice that if they don’t fix the drop in defense cuts, the country is going back into recession.
Benjamin Mandel at the Bureau of Economic Analysis said on an annualized basis, defense spending for the year fell 3.1 percent from 2011.
Kevin Brancato at Bloomberg Government said the Q4 2012 decline partly reflects a spike in Q3. The Pentagon traditionally spends the most in Q3, the end
Byron Callan at Capital Alpha Partners said monthly and quarterly numbers are volatile – Q4 is an aberration.
Alan Krueger at the White House Council of Economic Advisers said the 22 percent drop in defense outlays is due to uncertainty over the automatic spending cuts.
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