SEQUESTRATION HAS TAKEN THE BETTER INCOME WORKFORCE DOWN 30% FROM ONE DEFENSE INDUSTRY AS THIS SECTOR PREPARED ITSELF FROM CUTS PRESENTED 2 YEARS AGO–THE BHO LEGACY HAS BEEN TO DESTROY MORE JOBS THAN CREATING GOOD PAYING JOBS FROM MEDICINE, SCIENTIFICS, AEROSPACE, DEFENSE AND TECHNOLOGY–ALL THE BHO ADMINISTRATION INVESTMENT IN JOB CREATION HAS NET RESULTED ON ZERO APART FROM HIS CRONYISM JOB CREATION

Defense analysts say there are a several reasons why the sequester isn’t taking a bigger bite out of defense profits right now.

One factor is that the firms knew the cuts were coming as the end of the wars in Iraq and Afghanistan neared and were ready for them.

Lockheed Martin, for instance, has cut its workforce 30 percent over the last several years, from 146,000 employees to 116,000.

The company has also slimmed down, cutting 1.5 million square feet from its facilities — with plans to reduce another 2.9 million square feet by the end of 2014, Lockheed spokeswoman Jennifer Allen said.

Layoffs across the defense and aerospace industry have jumped to 28,000 this year, compared to 15,900 at the same point in 2012, according to research from Challenger, Gray & Christmas, a firm that tracks employment trends.

Read more: http://thehill.com/blogs/defcon-hill/army/330733-profits-complicate-defense-contractors-case-against-sequester#ixzz2iy3gMTph