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Pentagon contracts fell by two-thirds in October as shutdown deepened cuts

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Pentagon contracts plunged 66 percent to $15.7 billion last month, the lowest level since January, driven by automatic U.S. spending cuts and a partial government shutdown. The slump reflects a shifting landscape for companies such as General Dynamics Corp. and Raytheon Co., whose sales have declined after years of gains propelled in part by two wars. The Defense Department’s contracting is...

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