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How will defense cuts impact small businesses?

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    CEO puts a name and face to issue on Capitol Hill

  • Duration 4:22
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And that he's proposed defense cuts that we're talking about would affect more than just our military readiness of course.

One small business owner testifying today before the house -- armed services committee.

-- can happen in the next hour and she is set to explain the effects of these cuts on her company her name is -- Williams she is the CEO of William child.

Company manufactures test equipment for weapons systems and she's testifying today to put really a face and a name.

I'm impact of these -- as woods welcome good to -- here this morning.

-- lining my jacket to be here so what would be the impact of these cuts because we've talked a lot about military readiness but it also could affect a lot of companies like yours what would be the impact on your company.

Yes -- it will affect us greatly where -- seeing a slowdown on contracts.

Contracts not being funded we were working on.

Particular item is that.

-- -- just frozen up and it will have a huge impact IE.

Do I -- Our own research and development -- -- that myself.

And I'm very concerned that all of this is going to come to a halt because I'm not going to be able to a four d.s.

Engineers and and that people that support this particular area in my business because.

They -- their very talented people there very qualified people they've gone they had engineering degrees some of them even masters.

And higher degrees so.

It's it will impact us severely.

You know what do you say to those two -- we're just listen to Harry Reid and the sequestration would also impact.

A number of discretionary non discretionary programs and in the US government.

You know what you say those who look at the defense industry and say well -- -- there probably are areas where that where they could cut back where they could be leaner where they could be you know more efficient what do you say that.

Well I I would not to agree with that at all Latvia I think that that that is absolutely not true because.

Yes there has been some waste that at the same time where it where leaving ourselves vulnerable we're going to lose the capabilities.

These people that have worked in the defense industry and -- -- -- -- seeing that there are no longer.

The too ill and dying makers and and the various people that were trained aerospace workers and what had he.

They'll be leaving the -- history and we won't be able to get that back we won't be able to flip the switch.

And turn it back on do it just won't happen that you would have to have layoffs in your company as a result of this.

Yes ma'am and I don't want to do that because I have people who have families.

You know children -- how are you gonna sit at the table and tell your child I lost my job today.

That we have.

You know our suppliers.

That that.

Are showing that they are very concerned.

About what is happening they're calling us -- now we've never seen this before.

Where they're calling a step in saying hey do you see anything on the horizon do you see any thing.

That to is coming down the -- quite what's happening here and they are so concerned.

Have the -- again you founded this company it's an extraordinary success story and you started -- back in the sixties and basically shepherded it.

Into the company that has become I'm curious what you think about the president's recent comments about.

Business builders and people who -- -- -- for north and started down business and that you know that.

Although they may think they're Smart they have to recognize -- -- get.

They're on they're on the -- what do you think about that.

Well pat I didn't see -- -- people anywhere -- -- when I was down there at night on weekends holidays.

I had my children with that and nanny as I was down there working night and day I never saw those people sent -- was on a very busy thoroughfare so.

My building was visible and no one ever came like that so I I totally disagree and are right Darrel -- thank you very nice to have you with us today -- -- you testimony.

On Capitol Hill C we'll see where I'll discuss thank you thank you --

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