According to the report, the Virginia Manufacturers Association cited research from the National Association of Manufacturers that claims sequestration cuts would cost one million nationwide by 2014.
In a recent column, House Armed Services Committee Chairman Buck McKeon also claimed sequestration would contribute to more than a million job losses.
President and CEO Brett Vassey said that the cuts would cause a rolling boulder effect not only on the top tier of defense contractors, but the second and third tiers as well.