As federal contractors try to figure out how to brace for the impact of sequestration in January, one thing about the potential $1 trillion in cuts over 10 years is becoming clearer. The government will end up paying more for products and services currently under contract.

Robert Stevens, the retiring-Lockheed Martin CEO, said Tuesday one consequence of sequestration that few have talked much about is vendors will likely ask the government for an “equitable adjustment” to their contracts.

Keep reading this article at: http://www.federalnewsradio.com/394/2911052/Lockheed-CEO-warns-of-increased-government-costs-from-sequestration–