The failure of the Congressional Joint Select Committee on Deficit Reduction (“super committee”) to come to agreement on reducing the federal deficit raises the real prospect of a total of $1 trillion in cuts to the defense budget over the next decade. These cuts have been put forth with little consideration for their long-term impact: a dangerous degradation of America’s capacity to deter, defend, and defeat her enemies. They will have a particularly negative impact on America’s ability to stabilize and influence Asia, a critical component of U.S. national security. While the past century has seen America establish a strong role in Asia, these gains would be jeopardized by the proposed enormous pending cuts in defense capability.
Joint Press Statement for 21st Korea-U S Integrated Defense Dialogue
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DVIDS - News - Army & Air Force Exchange Service Celebrates Opening of New USAG Humphreys Distribution Center, Bakery
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Operator
Good day, and thank you for standing by. Welcome to the Telos Corporation first-quarter 2021 earnings conference call. [Operator instructions] After the speakers presentation, there will be a question-and-answer session. [Operator instructions] I would now like to hand the conference over to your speaker today, Brinlea Johnson.
Please go ahead.
Investor Relations
Good afternoon. Thank you for joining us to discuss Telos Corporation s first-quarter 2021 financial results. With me today is John Wood, CEO and chairman of Telos; and Michele Nakazawa, CFO of Telos. Let me quickly review the format of today s presentation.
John will begin with some brief remarks on the first-quarter results, our brief corporate overview, and Telos strategic priorities. And Michele will cover the financials and guidance. Then I m going to turn the call over to the analyst for Q&A. The earnings press release was issued earlier today and is posted on the Telos website where this call is being