Actually presentation is very upbeat. Expectation fromWash. trip that therewill be a "small bargain" to keep funding in good shae (about the same as 2013). Re-iterating that cuts are all based on reduction of defense budget increases (so not actually reductions). Also, said there are 5 new projects taht are "week" away from some activity. Mentioned that is about 5B of postential work.
So, the drop seems to be part of an industry wide thing - except Raytheon hit by far the hardest. One would hope that it will indeed be 90, maybe around year end?