Panel: Sunny Outlook for Defense Sector Beyond 2013

The sun rises behind the U.S. Capitol recently. A panel of journalists this morning offered a sunny long-term outlook for the defense sector, though 2013 likely will seem rocky. (Getty Images)

Trying to find four journalists in Washington who agree is a lot like trying to find four lawmakers in Washington who agree. It’s typically very difficult. But the Northern Virginia Technology Council pulled it off this morning.

A panel of journalists from four very different kinds of media companies, including yours truly, agreed on a range of issues, including a collective opinion that President Obama and congressional leaders will strike a deal that averts the fiscal cliff and $500 billion in cuts to planned defense spending.

Reporters, as we huddle in our small groups off to the side of events and hearings, usually have very different takes on the big issues of the day.

Not today. The assembled journalists agreed not only that Washington would avoid both the cliff and the $500 billion in defense cuts, but the timeline on which it all would go down: Cliff-avoidance framework package in coming weeks that includes the extension of some tax cuts and language delaying the pending defense and domestic sequestration cuts, followed by a broad fiscal bill between March and May that might include a smaller amount of Pentagon cuts.

There also was agreement and optimism among the panelists that 2013 likely will be another year of uncertainty for the defense sector, but the outlook beyond that is rather bright.

John T. Bennett

John T. Bennett

Bennett is the Editor of Defense News' CongressWatch channel. He has a Masters degree in Global Security Studies from Johns Hopkins University.
John T. Bennett