Defense Industry Exec: Mass. 'Well-Positioned' For Debt Deal CutsPlay
Initially, the debt deal signed by President Obama Tuesday caps defense spending. More cuts are likely coming, but there are no details yet.
Many expect the cuts to have a big impact on defense-related companies here in Massachusetts.
But Joseph Donovan, the vice president of federal affairs for the New England chapter of the industry group the National Defense Industrial Association, told Morning Edition that the Massachusetts defense sector is “well-positioned to weather the proposed cutbacks.”
According to Donovan, the Massachusetts defense sector will fair better than other states because it operates at the forefront of defense innovation.
“We are out front on the cutting edge,” he said. “The reason many companies locate here is because of our people.”
This program aired on August 3, 2011.