Examines the economic impact of defense cuts on the aerospace/defense industry, which has a major presence in Southern California.
Written in 1993; 1,125 words; 8 sources; $ 39.95
From the Paper:
"The United States is facing a downsizing effort to reduce the size of the military and the size of the military budget, which extends as well to defense projects. Southern California has long been the beneficiary of a large portion of that defense budget through the various defense contractors in the region, and the reductions in military spending are certain to have an effect on the defense industry in the Los Angeles region, an effect that will mean lost jobs, reduced expenditures, and reduced tax revenues for municipalities in the area. An examination of the issue should show the types of changes that can be expected for the defense industry in Los Angeles.
In truth, the defense industry in Los Angeles has been working at a reduced capacity for some time already. In 1986, the California aerospace industry generated between $97 billion and ..."
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