Budgets & the Future of America's Defense Industry

April 1, 2014 - 8:30 am

1030 15th Street, NW, 12th Floor
Washington, DC
An address by and discussion with
The Hon. Mark Warner
Senator (D-VA)

Welcome remarks by
The Hon. Jon M. Huntsman Jr.
Atlantic Council

Introduction by
MajGen Arnold Punaro, USMC (Ret.)
National Defense Industrial Association

For the past several years, the Department of Defense has struggled with continuing resolutions and budget uncertainty. With the passage of the 2013 Bipartisan Budget Act and an omnibus fiscal year 2014 spending bill, the Pentagon now has certainty on its budget levels but must adjust to accommodate flat-lining defense spending for the foreseeable future. Some investment and equipment modernization accounts are certain to face cuts this year and in the future, necessitating that the defense industrial base adapt to a “new normal” of reduced spending.

Our featured speaker, Senator Mark Warner, sat on the Budget Conference Committee panel that drafted the Bipartisan Budget Act and is the senior senator of Virginia, a state with a significant concentration of defense industry facilities. His remarks will address what budget reductions may mean for the future of the defense industrial base.

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