DOD Scales Back Plan To Cut Contracts

Law360, New York (December 23, 2010, 12:18 PM EST) -- The U.S. Department of Defense is assuring a group of Virginia lawmakers that the planned 10 percent cut to defense contracts over the next three years will apply only to specific portions of the department's massive $143 billion service contract budget, not the whole thing, as critics had feared.

Rep. Gerry Connolly, D-Va., and other members of Congress from the northern Virginia area, met with defense officials Wednesday, who informed the lawmakers that the planned 10 percent contract cuts would focus on the agency's $4.3 billion...
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