Defense industry executives seek BCA repeal

December 6, 2017 at 10:14 AM

In a new letter, dozens of executives from some of the largest contractors are calling on congressional leaders to repeal the Budget Control Act and provide budget stability.

The Dec. 1 letter, organized by the Aerospace Industries Association and signed by the chief executives of Boeing, Huntington Ingalls, L3 Technologies, Lockheed Martin and Raytheon, among others, urges Congress to act "soon and decisively on finalizing FY18 spending."

"We remain concerned that final FY18 appropriations, without repeal or substantial alteration of the discretionary spending caps introduced by the Budget Control Act of 2011 (BCA), could undermine our collective commitment to strengthening military readiness," the executives write.

"We strongly support your efforts to finalize FY18 spending levels, repeal or raise the BCA caps, and keep the promises made to our military and our American workforce," they add.