The Daily Transcript looks at sequestration and the major impact it will have on San Diego, small businesses and more in this special report.
As a result of sequestration, either military force size will be preserved or the Defense Department will invest in modernization.
The automatic government spending cuts known as sequestration may not be all doom and gloom, and could be an opportunity to innovate, an executive at ViaSat said.
Col. John Farnam, MCAS Miramar commanding officer, refuses to let sequestration ground the annual Marine Corps Air Station Air Show in San Diego this year.
Each year, the military shows off the fastest and most advanced aircraft in the world in front of hundreds of thousands of spectators at the annual Marine Corps Air Station Air Show in San Diego.
The VA San Diego Healthcare System saw nearly 75,000 patients walk or roll through its doors to receive medical, surgical, mental health, geriatric, spinal cord injury and advanced rehabilitation services in fiscal year 2012.
NORFOLK, Va. (AP) -- Fort Eustis says it will lose nearly eight percent of its military workforce as a result of a massive restructuring taking place throughout Army.
FORT CAMPBELL, Ky. (AP) -- The 101st Airborne Division is trying to save its illustrious 506th Infantry Regiment, whose origins date to World War II's fabled “Band of Brothers,” from deactivation under the Army's massive restructuring.
Hockey legend Wayne Gretzky once said, “I skate to where the puck is going to be, not where it has been,” and the commanding officer of Space and Naval Warfare Systems Center Pacific says the drone industry should adopt the same mentality.
Space and Naval Warfare Systems Command (SPAWAR) employs about 5,000 people in San Diego, but thanks to sequestration budget-tightening, that number won't rise anytime soon.
The guided-missile frigate USS Thach (FFG 43) will return to San Diego from its deployment to the 4th Fleet Area of Operations (AOR) on April 12.
Sequestration will keep one of the most popular aviation acts in the world from dazzling crowds at the Marine Corps Air Station Air Show in San Diego this fall.
WASHINGTON (AP) -- The Homeland Security Department says it's re-evaluating plans to furlough border agents and cut overtime because of the automatic federal government spending cuts.
A broad coalition of local business groups and high-tech companies launched a new regional unmanned systems effort that has the potential to increase investment in the region, spark job growth and bring additional companies to the area.
Sequestration will likely squash some defense conferences this year, but one in San Diego appears to be doing just fine.
U.S. Navy ship repair contractor Continental Maritime of San Diego will lay off 185 employees effective April 12, according to a notice filed with the state.
The U.S. Navy's hottest new ship and the centerpiece of its renewed focus on Asia isn't its largest vessel, or its most technologically advanced. But it has advantages that its bigger siblings lack.
FAYETTEVILLE, N.C. (AP) -- Like many who make their living in the commercial strip outside the gates of Fort Bragg, Mike Thomas is confident the $85 billion in automatic military spending cuts will hurt sales at his used car lot and rim shop.
General Dynamics NASSCO, a primary constructor of ships for the U.S. Navy, warned about 1,040 employees on Monday of indefinite layoffs that may come in late April due to uncertainty created by the automatic U.S. budget cuts that took effect last week.
Northrop Grumman Corp.’s already-large unmanned aircraft business in San Diego is about to get even bigger.
March 4 (Bloomberg) -- The Pentagon has offered little guidance to contractors that may be hurt by $46 billion in defense-spending cutbacks over the next seven months, even as a budget document showed the effect on procurement accounts that pay companies from Lockheed Martin Corp. to Raytheon Co.
Editor's note: The following article is part of an ongoing series looking at the effects of sequestration.
WASHINGTON -- Defense Secretary Leon Panetta told Congress on Wednesday that if automatic government spending cuts kick in on March 1 he may be compelled to furlough the “vast majority” of the Defense Department's 800,000 civilian workers.
The hundreds of BAE Systems employees who repair ships when they sail into San Diego could disappear because of the Navy’s plans to potentially cancel maintenance work.
Sequestration and the continuing resolution threaten to cut major military programs across the United States, but it’s not all doom and gloom at Naval Base Coronado.
As the defense industry copes with Pentagon cutbacks, a U.S. trade official last week urged local military contractors to look abroad for more customers.
WASHINGTON (AP) — Senate Republicans on Thursday stalled the nomination of former GOP senator Chuck Hagel as the nation's next defense secretary over unrelated questions about President Barack Obama's actions in the aftermath of the deadly raid on the U.S. diplomatic mission in Libya.
LANGLEY AIR FORCE BASE, Va. (AP) — The Pentagon for the first time is considering scaling back the massive buildup of drones it has overseen in the past few years. It would be both to save money and to adapt to changing security threats and new areas of operation — such as east Asia — where drones are more likely to be detected and shot down.
WASHINGTON (AP) -- The automatic budget cuts due to go into effect next month are “the collateral damage of political gridlock,” a senior Pentagon official told a congressional committee Tuesday.
WASHINGTON (AP) -- The Pentagon is cutting its aircraft carrier presence in the Persian Gulf region from two carriers to one, the Defense Department said Wednesday, in a move that represents one of the most significant effects of budget cuts on the U.S. military presence overseas. The decision comes as Washington struggles to find a way to avoid sharp automatic spending cuts set to strike the Pentagon and domestic programs next month.
Despite the ongoing ban on federal travel, 10,000 people in the defense industry made it to San Diego for this year’s AFCEA West conference.
SAN DIEGO (AP) -- The commandant of the Marine Corps said the infantry side of the most male of all military branches is skeptical about how women will perform in their units, and some positions may end up closed again if too few females meet the physically demanding standards of combat.
Adm. Jonathan Greenert, chief of naval operations, outlined some of the changes on board for San Diego should budgetary constraints reach their peak.
Adm. Cecil Haney plans to take his first flight on the Osprey V-22 during his trip to San Diego this week.
Adm. James Winnefeld, vice chairman of the Joint Chiefs of Staff, almost wasn't allowed to deliver his kickoff keynote address at the 2013 AFCEA West conference.
The defense budget crisis has led to the cancellation of one annual industry event in San Diego.
San Diego County's growth will likely slow in 2013, especially if the federal government starts cutting the defense budget, according to a forecast released on Thursday by the National University System Institute for Policy Research.
Defense contractors led by Lockheed Martin Corp., General Dynamics Corp. and Raytheon Co. gained a reprieve from U.S. spending cuts that may prove short-lived.
Dec. 31 (Bloomberg) -- The Defense Department is preparing to notify its 800,000 civilian employees that some of them may have to take unpaid leave next year if lawmakers can’t agree on a budget deal, according to a U.S. defense official.
WASHINGTON (AP) -- A bipartisan group of House members says any budget deal to avert the so-called “fiscal cliff” of automatic tax hikes and spending cuts should include “substantial defense savings.”
While most companies are gearing up for their festive holiday parties this time of year, defense contractors are prepping for a Scrooge-worthy event.
WASHINGTON (AP) -- The Defense Department has begun planning for the roughly $500 billion in personnel and program cuts over a decade that will be needed if Congress and the White House fail to reach a deal that would avoid the double hit of tax hikes and automatic spending reductions dubbed the “fiscal cliff.”
Dec. 3 (Bloomberg) -- While defense companies can handle additional Pentagon budget cuts, across-the-board reductions called for under sequestration must be averted, Northrop Grumman Corp. Chief Executive Officer Wes Bush and other industry executives said.
Nov. 28 (Bloomberg) -- The heads of defense contractors Northrop Grumman Corp. and Exelis Inc. said they’re not optimistic the federal government will reach a deal by the end of the year to avoid the so-called fiscal cliff.
One thing is for sure: Either Mitt Romney or Barack Obama will be inaugurated as president in Washington, D.C. on Jan. 21. It’s still unclear, however, how sequestration will play out if it kicks in as planned on Jan. 2.
NORFOLK, Va. (AP) -- The far-flung swing states that have the most sway in the presidential election have something else in common -- a large share of military veterans who are getting special attention from the fiercely dueling campaigns.
LEESBURG, Va. (AP) -- In many ways, it's an odd topic to make a central campaign issue: sequestration.
The man tasked with defending San Diego’s strong military position from more than 2,000 miles away finally broke his public silence on Wednesday, dishing the inside scoop on politicians and their stance on sequestration.
Lockheed Martin Corp. (NYSE: LMT) reacted to a challenging defense budget by cutting hundreds of jobs this year, but now the contractor won’t warn employees if their jobs are at stake because of the possibility of sequestration.
Lemon Grove-based JCI Metal Products is in freeze mode until it figures out how much the impending budget cuts will affect its business.
The date Jan. 2 will trigger $1.2 trillion across-the-board spending cuts, threatening to kill businesses and jobs. But that message still isn’t getting through to the general public.
California ranked first with 148,400 expected job losses in 2014 because of cuts in defense spending. While job losses will spread among a wide range of manufacturing industries, many of these jobs tend to be at the direct and indirect suppliers of defense equipment and supplies.
Sequestration conjures images of unemployment and dried-up spending, but another area likely affected will be housing.
Leaders from San Diego and Imperial counties’ six community college districts gathered aboard the USS Midway Museum on Tuesday to confirm their commitment to veteran students’ education in the face of shrinking budgets and troop drawdowns from overseas.
Defense contractors are turning to the commercial sector, as budget cuts hit their No. 1 customer.
The economy faces the challenge of absorbing military members in the local job market at a time when uncertainty is constraining the private sector’s ability to create more jobs, panelists at a recent forum said.