Large U.S. A&D contractors continue to outperform their European peers by a wide margin. The revenue-weighted TPC score of U.S. companies with sales of more than $5 billion was 73, compared with 58 for comparable European contractors. TPC advisers attribute the gap to problems that have long bedeviled the European giants, such as interference by governments advancing an overriding interest in jobs over profits. But TPC adviser Steve Grundman believes that a more benign explanation ...


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