Mabus Says 'Unstrategic' Sequester Harms Navy, Contractors

Law360, Washington (September 25, 2013, 9:13 PM EDT) -- The inflexibility of the funding constraints put on the military by the federal sequester and Congress' continued inability to pass a budget risk both the U.S. Navy and its suppliers suffering "irreparable harm" to their capabilities, Navy Secretary Ray Mabus said Wednesday.

According to Mabus, who was speaking at an event jointly hosted by the Senate Aerospace Caucus and the Aerospace Industries Association, the defense industry had been a strong partner to the Navy in its efforts to maintain the strength of its forces around the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.