Bill Lynn has seen the future of the U.S. defense industry, and it looks a lot like a Honda Civic. Lynn—a former No. 2 Pentagon official and now CEO of the North American arm of Italy’s Finmeccanica and its U.S. proxy DRS Technologies—recalls how in the late 1970s and early 1980s it was unpatriotic for Americans to drive a car without a Detroit provenance. Everything about cars in the U.S. then was American, from their supply chains to their shareholders, headquarters and ...

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