Defense Revenues Down, but Industry Prevailing
Lagging defense spending and the large-scale drawdown of US troops in the Middle East spelled another year of decreased revenues for defense contractors.
But industry has largely avoided the dramatic upheavals of previous industrial downturns, with mergers and acquisitions being driven more by opportunistic business decisions than panic over a dwindling pot of money.
But industry has largely avoided the dramatic upheavals of previous industrial downturns, with mergers and acquisitions being driven more by opportunistic business decisions than panic over a dwindling pot of money.
