GCIS INTELLIGENCE BRIEFING: Defense Mergers Opposed by U.S.

ISSUED BY: GCIS Communications Command Center

SOURCE: WSJ

09February2011 6:12pmEST

GCIS INTELLIGENCE UPDATE: The Pentagon's procurement chief is expected to deliver a message to Wall Street Wednesday: The Defense Department wants to discourage potential consolidation among top-tier defense contractors.

In remarks to an investment conference in New York, Ashton Carter, the undersecretary of defense for acquisition, technology and logistics, is expected to draw a line against major defense-sector mergers in an era of tighter defense spending. A draft of Mr. Carter's remarks says the Pentagon "is not likely to support further consolidation of our principal weapons-systems prime contractors."

His principal concern, Mr. Carter indicated during an interview, is maintaining competition and bolstering the Pentagon's buying power. (read full report)

 

 

 

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