John Bennett writes the House Armed Services Committee, in a note attached the the lower chamberâs version of the 2015 National Defense Authorization Act passed last month, said a provision in the legislation draws attention to sequestrationâs potential to limit the number of viable suppliers.
The lawmakers believe the cuts could lead to lost opportunities and revenue for defense contractors, facility closures and forced consolidation, Defense News said.
The legislation urges the Pentagon secretary to âexamine the impacts of such budget reductions as part of the departmentâs sector-by-sector, tier-by-tier review of the defense industrial base,â Bennett quotes the House report as stating.
Defense News reports the annual spending cuts to the defense budget could reach $45 billion.