Why does debate on defense spending matter in Oxford?

Why does debate on defense spending matter in Oxford?
"...Miltec collaborates with the university on defense-related projects in the area of applied acoustics research - specifically high-tech sensors that can detect and identify cruise missiles and others that can triangulate the location of earthquakes or nuclear tests. From 2000-2007, Miltec got $12.2 million in six separate defense contracts. Miltec president Don Miller said he and other defense contractors fear that Obama will cut defense spending. "I have particular concerns that he will cut missile defense spending," he said. "It could set this country back 10 years."..."
Reference: www.clarionledger.com

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