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While Congress delays, defense contractors fret

It’s four months into the fiscal year, and Congress has not passed the defense budget. That inaction has CEOs of the major defense companies, many of which have offices and employees in Colorado Springs, a little nervous. The Department of Defense is operating at 2010 budget levels, which bans starting new programs and limits production… Continue Reading While Congress delays, defense contractors fret

‘Insourcing’ still threatens defense firms

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The federal government spent the past two years shifting defense contracting jobs from the private to the public sector in an effort to save money, a practice it now acknowledges doesn’t work. It’s still happening, however, and companies in the Springs are feeling the pain. Known as “insourcing,” the policy ended eight years of a… Continue Reading ‘Insourcing’ still threatens defense firms

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After acknowledging insourcing wasn’t working, Defense Secretary Robert Gates this week came up with roughly 20 initiatives to cut $100 billion from the Pentagon’s budget. The moves are aimed at reining in the ballooning cost of weapons systems, as well as the cost of replacing military ships and planes. The Pentagon will set goals for… Continue Reading Gates’ budget-cutting ideas include using top contractors

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Most growth industries like to draw attention to themselves. But not what appears to be one of the fastest-growing segments of Colorado Springs’ economy — the one marked “top secret.” Everyone knows about NORAD, hidden deep in the caverns of Cheyenne Mountain. And we’ve all heard about Northern Command, the military’s joint operation headquarters at… Continue Reading Springs’ top-secret operations fly under the radar

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Changes to the Defense Department budget proposed this week by Secretary Robert Gates could affect the 100 or so contractors with a Colorado Springs presence.  Budget reallocatoin also might impact the city’s largest defense contractor landlord, Maryland-based Corporate Office Properties Trust, which controls more than 1 million square feet of office space. A report published in the Washington Post… Continue Reading Defense contractors in wait and see mode

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