Stackley: Marine Corps Could Face $300M Reduction In FY-14 Due To Sequestration

By Lee Hudson / May 14, 2013 at 5:13 PM
The Marine Corps will take a $300 million hit in fiscal year 2014 if sequestration cuts are applied, with $250 million coming from procurement dollars and about $50 million from research and development funding, according to the Navy's acquisition chief. Sequestration cuts in FY-13 are causing the Marines to suffer a $300 million hit across their procurement accounts and a smaller, yet significant, cut in research and development dollars, Sean Stackley, assistant secretary of the Navy for research, development and...

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