Tuesday, September 28, 2010
Defense Contractors Are Getting Ready For The Future
Washington area defense contractors are buying and selling companies at an increasingly high rate as they seek to position themselves for a realignment in Pentagon spending priorities.
BAE Systems, which bases its U.S. operations in Arlington County, is the latest to make some changes. The company recently picked up Stamford, Conn.-based L-1 Identity Solutions's intelligence services business for $295.8 million, just as its parent company confirmed it is considering selling the U.S.-based "platform solutions" business, which builds aircraft and buses, among other equipment.
Read more ....
My Comment: I have trouble seeing where the money is going to come from to support (and grow) for these defense companies. I guess they know something that I do not.
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