Long Industrial Catch-Up

It’s hard to quibble with the title—“It’s Global. Get Used to It.”—of Jerry W. Cox’s assessment of globalization in the aerospace-defense sector (AW&ST May 12, p. 66). He writes: “[E]ven the most hawkish observers know there has to be some limit on the U.S. defense budget . . . . A shrinking economy...

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