Federal government cancels defense contracts worth $2.15 billion

This action may foreshadow federal spending cuts scheduled for year's end if Congress takes no action on the federal budget.

August 30, 2012 |

The federal government canceled 13,579 military contracts worth $2.15 billion in the fiscal year that ended Sept. 30. This action may foreshadow federal spending cuts scheduled for year's end if Congress takes no action on the federal budget.

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