Defense Contractor Feels the Pinch

Defense Contractor Feels the Pinch Play

March 31 (Bloomberg) -- With shrinking defense budgets, contractors are feeling the pinch. On this Sunday'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. Retired Air Force General Chuck Wald, now a director at Deloitte Services, says the Pentagon's frugal spending could mean fewer cuts and potentially no civilian furloughs. And Bloomberg Government's Senior Finance Analyst Nela Richardson talks about the challenges and opportunities in today's housing market. (Source: Bloomberg)

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