federal contracts http://wfae.org en Defense Industry Starts To Feel The Sequester http://wfae.org/post/defense-industry-starts-feel-sequester <p>Cleveland County defense contractor, Ultra Machines and Fabrication, will lay off as many as 100 employees in May due to cuts in federal contracts. It could be the first in a rising wave of job losses related to the sequester.</p><p><span style="line-height: 1.5;">In the last three years, Ultra’s received $46 million in federal contracts—what that business, and most defense contractors rely on. But as the sequester and other federal budget cuts kick in, those contracts are drying up.</span></p> Mon, 25 Mar 2013 12:37:31 +0000 Ben Bradford 23896 at http://wfae.org