Opinion: What Makes Defense Consolidation Different This Time

Credit: Northrop Grumman
Northrop Grumman’s acquisition of Orbital ATK has appropriately triggered speculation that there will be another round of consolidation in the U.S. defense sector in 2017-20. Recent phases of defense-sector consolidation resulted from different factors. The consolidation in the 1990s started with...
Byron Callan

Contributing columnist Byron Callan is a managing director at Capital Alpha Partners in Washington.

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