1. NE defense industry cautious about looming budget cuts - Boston Business Journal

    What we do know is that defense spending plays a significant role in New England’s economy. According to the New England Defense Industry Report, released last summer by the Defense Technology Initiative, the region benefits from $34 billion in DoD and Homeland Security contracts, providing more than 319,000 jobs and over $22.6 billion in payroll. Massachusetts benefits the most, with 2500 companies receiving the lion’s share of defense-related contracts, totaling $13.9 billion, followed closely by Connecticut, with 1100 companies receiving $12.7 billion in defense spending.

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