The U.S. aerospace and defense industries will lose more than 350,000 jobs, $79 billion in sales and $28 billion in wages and salaries in 2013 if Congress is unable to agree on a deficit reduction plan, thereby triggering automatic cuts across all U.S. discretionary spending activities, according to a new study. Of the job losses, 164,000 would occur among the prime contractors, with subcontractors and suppliers accounting for the rest, said the study, conducted jointly by the George Mason University Center for Regional Analysis and Economic Modeling Specialists Inc. Of the 10 most affected states, California would be hardest hit, with 126,000 jobs lost, followed by Virginia, at 123,000, Texas and Florida.
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