【原创翻译】自动削减迫在眉睫，众军火商岿然不动

华盛顿邮报

http://www.washingtonpost.com/bl ... ation-threat-looms/


The next few months could look even scarier than the last few for defense contractors already battered by federal budget cuts, thanks to the threat of automatic reductions looming in March. But industry executives had a surprising message for shareholders this week: Don’t worry about it.
由于三月份自动削减的迫在眉睫，过去几个月内已经承受军费削减之苦的防务承包商们接下来的几个月会更加难过。但是本周业内主管们却给股东们带来了意外的消息：不要捉急。
In call after call with investors, officials at some of the area’s largest contracting firms refused to guess how much it would cost them if Congress allows the “sequester” to kick in on March 1. Even as their lobbyists keep warning how much the cuts would hurt the industry, the executives are projecting confidence that the sequester will not happen.
在投资者不断的电话中，本地（花生屯）的承包商大佬们拒绝猜测一旦三月一日国会允许“自动减赤”他们会付出多大代价。即使在游说团警告削减会伤害本行业时，高管们仍相信这不会像手机那样自动欠费。
Northrop Grumman chief executive Wes Bush said Wednesday that his company’s outlook for the year projects “the sequestration is not triggered” and that Congress barely touches federal contract spending levels for 2013. General Dynamicschief Phebe Novakovic said last week that she had developed a “realistic” risk assessment for the company’s bottom line — and it, too, assumes no sequestration.
周三，诺·格头头维斯·布什说他的公司年度展望预计“自动减赤不会发生”而国会对2013的合同花费水平也不会怎么样。通用动力头头菲比·诺瓦科维奇称，上周她进行了一次对公司底线的“务实的”风险评估----而这，同样假设了美国移动通信的节操。
Their confidence defies the emerging consensus on Capitol Hill that Congress will not find an agreement in time to cancel or delay the cuts. It also threatens to disappoint investors in the event the sequester goes through, and it leaves thousands of Washington area contracting employees to wonder how safe their jobs are.
他们的信心无视了元老院中日渐凸显的共识：阻止扣费已经没门了。扣费这事恐怕要让投资者们失望，而花生屯地区成千的临时工也要考虑他们的工作还能临时多久。
If the sequester cuts take effect in full, economists estimate they will destroy about 1 million jobs nationwide, including hundreds of thousands in the Washington area.
如果扣费完全发挥出伤害，经济学家估计这会在全国造成百万民工失业潮，包夸花生屯的那些临时工。
The executives do not appear to believe that will come to pass. It may be because Congress keeps averting fiscal crises at the very last minute, and because the Obama administration asked contractors last year not to issue layoff notices in preparation for cuts that were originally scheduled to begin this month.
高管们看上去不相信这会发生。这或许是因为元老院屡次上演最后一分钟大逆转，而奥观海政府去年还告诉承包商们不要因为原先排到这月的扣费就忘了保就业的重要性。
It may also be because contracting firms appear confident in their ability to lobby for sequester relief.
也可能是因为承包商们对自己的游说能力有信心。
Lockheed Martin chief executive Marillyn A. Hewson warned analysts last week that the automatic cuts would hurt her company and the country’s defense capabilities. But Lockheed’s projections, like its competitors, excluded the possibility of the sequester going through. In her remarks, Hewson noted “encouraging action” taken by President Obama and Congress to delay the sequester in December, and she promised that “in the weeks ahead, we’ll continue to work with our government leaders to encourage a more effective solution to our nation’s fiscal challenges.”
上周洛·马头头玛丽莲·A·休森警告分析家们自动削减会损害她的公司和国家的国防能力。但像竞争对手一样，洛克希德的计划也排除了扣费的可能性。在评论中，休森提及了去年12月观海和元老院拿出的“鼓励行动”，而她保证“接来下的几周，我们将继续与政府领导们共同努力拿出更有效的解决办法来应付我国的财政危机。”
Contractors say they cannot account for possible sequestration costs, because of huge uncertainty over whether the cuts will happen and how they would be distributed across programs.
承包商们说他们难以估量可能的扣费损失，因为扣费会否发生以及如何扣到各项目头上都有巨大的不确定性。
“We are just now starting to see conversations around what cost would be reduced if we go into sequestration,” Samuel R. Strickland, the chief financial officer at Booz Allen Hamilton, said Wednesday. “So we still haven’t yet been able to identify how much that would impact us, if at all.”
“我们只是现在才开始看到关于一旦扣费哪些花费将被减少的讨论，”博思艾伦咨询公司的CFO，萨穆埃尔·R·斯特里克兰德在周三说，“所以我们还不能确定这会最终给我们带来多大影响。”
Some industry analysts note that the contracting firms routinely account for various risks and liabilities in their earnings projections. They seem puzzled by the executives’ reluctance to quantify the risks associated with sequestration.
一些行业分析家注意到承包商们仍按老方法计算他们的收益预测中各种风险和债务。他们被高管们不愿计算自动削减带来的风险所震惊。
华盛顿邮报

http://www.washingtonpost.com/bl ... ation-threat-looms/


The next few months could look even scarier than the last few for defense contractors already battered by federal budget cuts, thanks to the threat of automatic reductions looming in March. But industry executives had a surprising message for shareholders this week: Don’t worry about it.
由于三月份自动削减的迫在眉睫，过去几个月内已经承受军费削减之苦的防务承包商们接下来的几个月会更加难过。但是本周业内主管们却给股东们带来了意外的消息：不要捉急。
In call after call with investors, officials at some of the area’s largest contracting firms refused to guess how much it would cost them if Congress allows the “sequester” to kick in on March 1. Even as their lobbyists keep warning how much the cuts would hurt the industry, the executives are projecting confidence that the sequester will not happen.
在投资者不断的电话中，本地（花生屯）的承包商大佬们拒绝猜测一旦三月一日国会允许“自动减赤”他们会付出多大代价。即使在游说团警告削减会伤害本行业时，高管们仍相信这不会像手机那样自动欠费。
Northrop Grumman chief executive Wes Bush said Wednesday that his company’s outlook for the year projects “the sequestration is not triggered” and that Congress barely touches federal contract spending levels for 2013. General Dynamicschief Phebe Novakovic said last week that she had developed a “realistic” risk assessment for the company’s bottom line — and it, too, assumes no sequestration.
周三，诺·格头头维斯·布什说他的公司年度展望预计“自动减赤不会发生”而国会对2013的合同花费水平也不会怎么样。通用动力头头菲比·诺瓦科维奇称，上周她进行了一次对公司底线的“务实的”风险评估----而这，同样假设了美国移动通信的节操。
Their confidence defies the emerging consensus on Capitol Hill that Congress will not find an agreement in time to cancel or delay the cuts. It also threatens to disappoint investors in the event the sequester goes through, and it leaves thousands of Washington area contracting employees to wonder how safe their jobs are.
他们的信心无视了元老院中日渐凸显的共识：阻止扣费已经没门了。扣费这事恐怕要让投资者们失望，而花生屯地区成千的临时工也要考虑他们的工作还能临时多久。
If the sequester cuts take effect in full, economists estimate they will destroy about 1 million jobs nationwide, including hundreds of thousands in the Washington area.
如果扣费完全发挥出伤害，经济学家估计这会在全国造成百万民工失业潮，包夸花生屯的那些临时工。
The executives do not appear to believe that will come to pass. It may be because Congress keeps averting fiscal crises at the very last minute, and because the Obama administration asked contractors last year not to issue layoff notices in preparation for cuts that were originally scheduled to begin this month.
高管们看上去不相信这会发生。这或许是因为元老院屡次上演最后一分钟大逆转，而奥观海政府去年还告诉承包商们不要因为原先排到这月的扣费就忘了保就业的重要性。
It may also be because contracting firms appear confident in their ability to lobby for sequester relief.
也可能是因为承包商们对自己的游说能力有信心。
Lockheed Martin chief executive Marillyn A. Hewson warned analysts last week that the automatic cuts would hurt her company and the country’s defense capabilities. But Lockheed’s projections, like its competitors, excluded the possibility of the sequester going through. In her remarks, Hewson noted “encouraging action” taken by President Obama and Congress to delay the sequester in December, and she promised that “in the weeks ahead, we’ll continue to work with our government leaders to encourage a more effective solution to our nation’s fiscal challenges.”
上周洛·马头头玛丽莲·A·休森警告分析家们自动削减会损害她的公司和国家的国防能力。但像竞争对手一样，洛克希德的计划也排除了扣费的可能性。在评论中，休森提及了去年12月观海和元老院拿出的“鼓励行动”，而她保证“接来下的几周，我们将继续与政府领导们共同努力拿出更有效的解决办法来应付我国的财政危机。”
Contractors say they cannot account for possible sequestration costs, because of huge uncertainty over whether the cuts will happen and how they would be distributed across programs.
承包商们说他们难以估量可能的扣费损失，因为扣费会否发生以及如何扣到各项目头上都有巨大的不确定性。
“We are just now starting to see conversations around what cost would be reduced if we go into sequestration,” Samuel R. Strickland, the chief financial officer at Booz Allen Hamilton, said Wednesday. “So we still haven’t yet been able to identify how much that would impact us, if at all.”
“我们只是现在才开始看到关于一旦扣费哪些花费将被减少的讨论，”博思艾伦咨询公司的CFO，萨穆埃尔·R·斯特里克兰德在周三说，“所以我们还不能确定这会最终给我们带来多大影响。”
Some industry analysts note that the contracting firms routinely account for various risks and liabilities in their earnings projections. They seem puzzled by the executives’ reluctance to quantify the risks associated with sequestration.
一些行业分析家注意到承包商们仍按老方法计算他们的收益预测中各种风险和债务。他们被高管们不愿计算自动削减带来的风险所震惊。