First there were the U.S. defense industry's complaints over a perceived “war on profit.” Then came Ayn Rand-like accusations of a “war on capitalism” by the government. But now, finally, comes the realization among industry executives and analysts alike that as the decade-long fire-hose-strength stream of defense spending is reduced to a trickle, it brings substantially different expectations of the defense industrial base. For starters, the era of the Budget Control Act and sequestration ...

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