Cash-rich defense contractors turn to mergers and acquisitions as growth evaporates
During the 1990s, the end of the Cold War and a resulting downturn in Pentagon spending triggered an unprecedented wave of consolidation in the aerospace and defense (A&D) industry. By the time the dust settled a decade or so later, the number of A&D primes had shrunk to 12 from 30. Names such as McDonnell Douglas, AlliedSignal, Hughes Aircraft, United Defense and TRW vanished altogether. Now that a new downturn in defense spending is under way in the U.S. and Europe, the ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "As Defense Downturn Takes Hold, Companies Turn To M&A".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.