Navy Shipyard Exposed to Possible Sequester Defense Cuts

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A U.S. Naval vessel receives repairs in the Speede General Dynamics... News PhotoDry,Finance,Government,Horizontal,Military,Norfolk - Virginia,Norfolk Naval Shipyard,North America,Politics,Receiving,Repairing,Shipbuilder,Shipyard,The Americas,USA,Washington DCPhotographer Collection: Bloomberg 2013 BloombergA U.S. Naval vessel receives repairs in the Speede General Dynamics dry dock at the Norfolk Naval Shipyard in Norfolk, Virginia, U.S., on Thursday, Feb. 28, 2013. Government spending cuts, known as sequestration, set to take effect tomorrow will be felt at the local level as defense contractors and other businesses in Virginia take a hit, possibly eliminating as many 200,000 jobs, according to Republican Governor Robert McDonnell. Photographer: Joshua Roberts/Bloomberg via Getty Images