President Obama speaks about automatic defense budget cuts during a visit to Newport News Shipbuilding, a division of Huntington Ingalls Industries, in Newport News, Va., on Feb. 26, 2013. (Associated Press)

Photo by: Charles Dharapak

President Obama speaks about automatic defense budget cuts during a visit to Newport News Shipbuilding, a division of Huntington Ingalls Industries, in Newport News, Va., on Feb. 26, 2013. (Associated Press)