The Obama administration's fiscal 2012 budget proposal trims $1.1 trillion over 10 years, creating a tougher competitive environment for contractors, but many of the details are still lacking.
Northrop Grumman CEO Wes Bush says the government should focus defense policies on fostering innovation as one of the best ways to make the country stronger.
The federal government can save $1 trillion through 2020 by consolidating infrastructure, combining supply chains and reducing energy consumption among other moves.