Rapid Fire Sept. 25, 2013: Secular Trends May Force Diversification Onto Defense Businesses
- Industry consultant Loren Thompson is convinced defense contractors need to start serious diversification efforts into commercial sectors:
“[E]very factor that moves military demand is signaling a prolonged downturn in the market for what defense companies make. The only reason that isn’t already obvious to everybody in the sector is it takes a long time for sequester-driven cuts in budget authority to turn into program outcomes.”
- Harris won the US Army’s Mid-Tier Networking Vehicular Radio (MNVR) competition, worth up to $140.7M for more than 2,500 radio sets.