PLEASE HELP US ASSESS THE POTENTIAL IMPACT OF SEQUESTRATION!!!
The Budget Control Act (BCA) of 2011 mandated the Pentagon find $489 billion in savings in the next decade, an amount reflected in the FY13 budget currently before Congress. Under sequestration, that figure could double if President Obama and Congress fail by the end of this year to cut an additional $1.2 trillion in government spending over the next decade. If sequestration cuts were imposed, defense spending would be reduced by another roughly $500 billion in additional cuts over the next ten years starting January 1, 2013. The cuts would occur across the board at the Program element level. This takes any flexibility away from making selective cuts where they might have the least impace. The fate of the potential $500 million in additional cuts can not yet be determined, and there is no consensus on the outcome.
Though these spending cuts would most directly impact shipyard suppliers performing work on Navy, Coast Guard, and other governmental vessels, this potential reduction in government work could result in adverse impacts across the entire shipbuilding and ship repair industrial base.
VSRA is helping the Shipbuilders Council of America (SCA) conduct a survey on the effects of sequestration to the shipyard industrial base and needs your feedback. Please complete the survey by following the link below. Please note that responses will NOT be attributed to you or your company. They will be used to help SCA work with Congress to show the potential impact of sequestration on the shipyard industrial base.
The survey can be found at http://www.surveymonkey.com/s/NCYFG5Z.
Thanks in avance for helping us gather the data necessary to present the impact to our Congressional leadership.