Senior Obama administration officials met Wednesday morning with top defense contracting executives at the White House to discuss how deep spending cuts set to hit the Pentagon would impact their industry.
White House press secretary Jay Carney told reporters that the meeting focused on the “potential devastating impacts of the sequester going into effect,” saying industry leaders made clear the impact would be “long-lasting” unless Congress averts them.
On Tuesday, President Obama called on Congress to replace them with a deficit-reduction package that includes fresh tax revenue.
Senior presidential adviser Valerie Jarrett, National Economic Council director Gene Sperling, Office of Management and Budget director Jeff Zients and Council of Economic Advisers Alan Krueger met with leaders of seven defense contracting organizations. They include: Chairman and chief executive of Northrop Grumman Corp., Wes Bush; President of Pratt & Whitney, David P. Hess; President and chief executive of BAE Systems Inc., Linda Parker Hudson; Chairman and chief executive of Aurora Flight Sciences Corp., John S. Langford; Chief executive and president of ITT Exelis, David F. Melcher; President and chief executive of Huntington Ingalls Industries, Mike Petters; and President and chief executive of Aerospace Industries Association, Marion C. Blakey.