Aerospace suppliers brace for defense spending cuts
Nearly 5,500 California firms with a total workforce of more than 130,000 could be affected. Analysts expect many of these small shops to go out of business, merge with rivals or cut employees to survive.The wars in Iraq and Afghanistan have been good for Frank Amador Jr.'s business, a small Buena Park machine shop where workers make aluminum parts for the B-1 and B-2 bombers.
L.A. Times - News — Nearly 5,500 California firms with a total workforce of more than 130,000 could be affected. Analysts expect many of these small shops to go out of business, merge with r... more info