Defense Contractor Warns of Further Layoffs

Defense Contractor Warns of Further Layoffs Play

March 28 (Bloomberg) -- With shrinking defense budgets, contractors are feeling the pinch. On Bloomberg Government's "Capitol Gains," Hans Nichols talks with the CEO of Rockwell Collins, a maker of aircraft communications and electronic equipment. Clay Jones says shifting business to the commercial sector and looking to markets overseas isn't enough to stop his company from laying off hundreds of workers. (Source: Bloomberg)

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