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 ...
ACCESS THIS PREMIUM CONTENT
"As Defense Downturn Takes Hold, Companies Turn To M&A" is Premium Content. Subscribing will provide full access to this article as well as the opportunity to access:
-- Critical intelligence on the global aviation, aerospace & defense industries
-- Consolidated, comprehensive coverage of the programs and technologies shaping the industry
-- And much more…