Defense Contractors Join Forces as Pentagon Spending Slows - USA DAILY NEWS

Defense Contractors Join Forces as Pentagon Spending Slows

news image

The biggest aerospace-and-defense merger ever caps two years of deal making in an industry that is reorganizing in anticipation of slower growth in Pentagon spending and new priorities such as space systems and hypersonic missiles.

United Technologies Inc. and Raytheon Co. would be the third-biggest aerospace-and-defense company by sales after Boeing Co. and Airbus SE. Those companies along with Lockheed Martin Corp., Northrop Grumman Corp., General Dynamics Corp. and the U.S. arm of BAE Systems PLC would dominate a defense…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *