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With the nation's deficit continuing to balloon, the knife is out to slash budgets. One of the items on the chopping block is the defense budget.
The worry over cuts has been hanging over the industry for sometime. I recently had the change to talk to Paul Cofoni, the President and CEO of Defense Information Technology Contractor CACI about the outlook for the sector.
LL: In my interview with The NTU ( the National Taxpayers Union ) they broke down the cost of the State of the Union and told me the President's cost cutting measures on defense will save $15.6 billion. Do you think Congress will go along with such cuts?
PC: CACI is positioned very well for government spending reprioritization initiatives. We are in markets that are well funded now and that we expect will continue to be well funded. Our strategy focuses on high-priority areas of the government’s most critical needs, such as C4ISR, cyber, and intelligence. Included in our strategic focus is IT modernization and government transformation, where federal agencies are directing considerable funding and resources.
The recent bombing of the Moscow airport and turmoil in Egypt, Jordan, Yemen, and Tunisia reminds us that we live in a dangerous world and instability is on the rise globally. We must remain ever vigilant in areas of national security.
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