Dodging defense bullet: contractors' diversification spares jobs. (defense spending and contractors) (Industry Overview)

Crain's Cleveland Business, August, 1993 by Prizinsky, David

The Cleveland-area economy could get off easy when it comes to private industry job losses that will result from deep cuts in defense spending, according to a just-completed survey of defense contractors. Although hundreds of northeastern Ohio companies sell products to the Pentagon as either prime contractors or subcontractors, they don't appear to be heavily dependent on this business for their sales, according to a survey of 108 northeastern Ohio manufacturers by Cleveland State University.

"For two-thirds of the companies, defense is a small portion of their business, accounting for less than 10%" of sales, according to the survey. "Another 16% indicate that 11% to 25% of their sales are defense-dependent, and 10% indicated that defense accounts for more than...

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