Defense contractors go on offense


The weapons lobby has been waiting for this moment a long time. After years battling to defend their shrinking slice of the sequestered budget pie, defense contractors are going on offense to get what they can from the next defense budget with more money in it than planned.

The two-year deal reached by lawmakers on Capitol Hill loosened the fiscal chains that have restrained defense spending since 2013. Analysts say the deal is good news for the Pentagon not only because it provides more money, but also because it avoids the uncertainty of continuing resolutions for fiscal years 2016 and 2017.

Defense lobbyists point out that sequestration isn't really over, just softened for two years. After that, its across-the-board cuts snap back automatically unless lawmakers can reach another agreement to forestall them in fiscal 2018.