Lucrative federal government contracts are the lifeblood of many companies, large and small.
A slate of federal budget cuts known as the "sequester" are due to kick in automatically on Friday with the aim of reducing spending by $85 billion. The construction industry is preparing itself because construction spending makes up about 10 percent of the total federal discretionary budget, according to the Associated General Contractors of America.
The trade association estimates that the proposed budget cuts could result in the cancellation of more than $4 billion worth of federal projects over the next seven months.
That could include everything from projects in military facilities overseas to maintenance, environmental cleanup, infrastructure and civil works projects in the U.S. – a wide swath of potential business for many companies. Here are three that could lose business under the planned budget cuts.Associated Press