#1 More European Companies Expected to Buy U.S. Defense Contractors
06-26-2008, 04:30 PM
- Join Date
- Aug 2005
NEW YORK: The Italian defense contractor Finmeccanica's recent $4 billion acquisition of DRS Technologies, a U.S. defense company, was a big one for the industry, and it is not likely to be the last. More European defense contractors looking to gain a presence in the United States, the largest defense market in the world, will very likely be setting their sights on U.S. suppliers.
Increasing acquisition activity is also expected within the U.S. defense sector as suppliers consolidate to become one-stop shops for contractors like Boeing, Lockheed Martin and Northrop Grumman.
U.S. defense spending - estimated to exceed $500 billion in 2009, excluding more than $100 billion needed for war financing - is not expected to decrease in the next few years, regardless of who wins the country's presidential elections this year.
06-26-2008, 04:54 PM
With the new EASA standards coming on-line this was inevitable for the aerospace manufacturers anyway.At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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