BAE lays off workers on defense review

Defense contractor BAE said 314 employees in MN would be laid off due to a canceled contract for a non-line-of-sight cannon. "The layoffs come as a result of the partial termination notice & stop-work orders the company received for its Future Combat Systems manned ground vehicle program contracts," it said,. The cancellation is part of a sweeping review of defense spending. Recently, President Obama said, "our troops & our taxpayers deserve better," referring to an initiative to stop overly expensive defense contracts.