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National Defense January 2010 Sandra I. Erwin	Pentagon Must Avert 'Points of Failure' in Supplier Base, Says Industrial Policy Chief With the U.S. military still involved in two major conflicts, the Defense Department must ensure that certain sectors of the defense industry remain financially healthy.
National Defense November 2010 Sandra I. Erwin	Defense Downturn Sets Off Mergers, And a Search for Non-U.S. Customers The defense industry is wasting no time to maneuver into position for the coming downturn in spending.
National Defense June 2007 Sandra I. Erwin	More Services, Less Hardware Define Current Military Buildup In the midst of the largest military expansion since the Reagan administration, industry analysts warn that the gravy days cannot last much longer.
National Defense February 2012 Harvey M. Sapolsky	Defense Industrial Policy Myths Debunked Looming budget austerity raises concerns about the future health of the U.S. defense industrial base. But the coming crisis also offers an opportunity to prune the deadwood.
National Defense February 2014 Sandra I. Erwin	Defense Downturn Should Be Manageable The defense industry lobby made a strategic miscalculation by using job-loss scare tactics in the fight against Pentagon budget cuts.
National Defense March 2012 Sandra I. Erwin	The Coming Decade: A Slowdown In Spending, but No 'Procurement Holiday' Even under the worst-case scenario, defense budgets in the coming decade will be larger than they were in the last year of the Bush administration.
Military & Aerospace Electronics December 2008 John Keller	DOD to cut unmanned aerial vehicle procurement by one third over next decade The early years of the 21st century have seen explosive growth in U.S. Department of Defense purchases of unmanned aerial vehicles, but DOD is expected to cut UAV procurement by one-third over the next decade.
BusinessWeek February 24, 2011 Roxana Tiron	Defense Contractors Brace for the Big Squeeze Defense contractors may be in for cutbacks similar to the squeeze that occurred after the end of the Cold War.
National Defense November 2013 Valerie Insinna	International Sales Unlikely To Offset U.S. Budget Cuts With little hope of growth in the Pentagon's budget, U.S. defense contractors are seeking to broaden their international customer base and increase worldwide sales.
National Defense March 2014 Sandra I. Erwin	Acquisition Business Reaches Inflection Point Acquisition flops over the past decade have put the fear of God into Pentagon leaders who now face the added pressure of having to ensure programs perform in a zero-tolerance environment, and with budget cuts to boot.
National Defense March 2015 Sandra Erwin	Defense Department Takes Steps to Energize Cutting-Edge Research The Defense Department is reorganizing its technology shop as it tries to light a fire under its science programs.
National Defense September 2011 Sandra I. Erwin	As Pressure Grows to Cut Spending, the True Cost of Weapons Is Anyone's Guess A decade of soaring Pentagon spending is coming to an end, and it is leaving behind considerable fiscal wreckage.
National Defense March 2014 Sandra I. Erwin	In '15 Budget, Red Flags for Contractors If defense industry CEOs can draw any conclusion from the Pentagon's 2015 budget proposal it is that, except for the too-big-to-fail joint strike fighter, most of the military's modernization plan is on shaky ground.
National Defense June 2013 Sandra I. Erwin	Contractors Face Fight-or-Flight Decisions The defense industry has only just begun to feel the sequester bite. Most of the top players continue to prosper even in a down market. Many companies in mid and lower tiers of the defense supply chain will likely be either financially unable or unwilling to weather the storm.
National Defense January 2008 Sandra I. Erwin	Bigger Budgets Disguise Larger Fiscal Dilemmas Nowhere is the financial outlook for the Defense Department more uncertain than in the procurement budget.
National Defense November 2009 Sandra I. Erwin	Industrial Policy Debate: Should The Pentagon Pick Winners and Losers? Industry executives and trade associations have called for the Defense Department to take preemptive action to protect key sectors that are considered of strategic importance to national security.
Military & Aerospace Electronics November 2006 John Keller	Defense industry upbeat; military spending to stay healthy over next decade Predictions released last month say that U.S. defense spending will grow to an annual $609.4 billion over the next decade.
National Defense May 2013 Sandra I. Erwin	Firms Think Twice Before Investing in DoD The Pentagon needs to get creative as it plans the weapons of the future, officials have said, and it needs private-sector help.
National Defense November 2011 Sandra I. Erwin	Managing the Defense Industry: Stalinism or Smart Business? America's arms manufacturers are asking the Pentagon to step up and protect the industry from an imminent collapse.
National Defense January 2008 Alan L. Gropman	Government Needs to Reexamine Rules for Battlefield Contractors The contractor headcount in Iraq nearly matches U.S. troop strength, which raises questions of whether the private sector's role in combat operations has outpaced regulatory, doctrinal and management practices.
CFO September 1, 2002 Roy Harris	Finance on the Front Line Defense contractors are benefiting from new controls their CFOs have installed.
National Defense July 2006	It Does Not Pay to Be `Too Relevant' Skyrocketing War Costs Are Putting Pressure on the Pentagon... Politicians Should Help the Troops... Military Must Learn to Live With Contractors... Navy Making Tough Calls in Aviation...
National Defense December 2015 Sandra I. Erwin	Mighty Pentagon Can't Deny Market Forces Market forces are such that the Defense Department could be headed toward a future of greater dependence on fewer and increasingly more powerful monopolies.
HBS Working Knowledge May 16, 2012	Can Decades of Military Overspending be Fixed? Costs tend to rise in all organizations unless managers and their staffs have the motivation and skill to control them. This phenomenon is analyzed during 50 years of US military overspending.
National Defense May 2009 Sandra I. Erwin	Gates: Industry Unharmed By Program Cancellations The Pentagon needs to stop buying "exquisite" technology that does not meet real military needs in favor of larger quantities of critical items.
IEEE Spectrum November 2008 Robert N. Charette	What's Wrong with Weapons Acquisitions? Escalating complexity, a shortage of trained workers, and crass politicization mean that most programs to develop new military systems fail to meet expectations.
National Defense September 2010 Sandra I. Erwin	Plans to 'In-Source' Contractor Jobs Collide With Fiscal Reality As he unveiled a new wave of austerity measures at the Defense Department, Secretary Robert Gates made a striking acknowledgment: Replacing contractors with government employees does not really save money.
National Defense September 2004 Sandra I. Erwin	Technical Skills Shortage Hurts Pentagon's Bottom Line Unless current trends change, decision makers at the Defense Department may one day find that they lack a strategy for how to keep critical military programs from spinning out of control.
National Defense April 2013 Valerie Insinna	Defense Industry to See Smaller Mergers Given the failed merger between BAE Systems and EADS, it's likely there will be few "mega-mergers" of large defense contractors in the coming years, an investment banking firm report said.
National Defense November 2013 Sandra I. Erwin	Companies See Bright Spots in Bleak Market There are still companies that have the stomach to invest in defense. Some actually view these tough times as an opportunity to win new business.
Finance & Development March 1, 2001 Ashoka Mody & Shoko Negishi	Cross-Border Mergers and Acquisitions in East Asia: Trends and Implications Mergers and acquisitions across national borders have increased in East Asia since the onset of the financial crisis. What has caused this new wave of mergers and acquisitions and what advantages might they offer to the region's financially distressed economies?
National Defense December 2012 Sandra I. Erwin	Defense Drawdown: It's Been All Talk, Now It's Time to Walk U.S. military spending peaked in 2010 at $668 billion. It has dropped slightly since then, as the military started withdrawing troops from Iraq and Afghanistan. But real austerity has yet to come.
National Defense June 2011 Sandra I. Erwin	Cries of 'Hollow Military' Stifle Rational Debate on Future Spending President Obama has called for $400 billion in Pentagon cuts over the next 12 years, and to some defense officials and lawmakers, this is just the opening salvo of a campaign to tear down the U.S. military.
National Defense May 2010 Sandra I. Erwin	Without Radical Change, Many More Defense Programs Will End Up Like JSF The breathless hype over the F-35 Joint Strike Fighter's soaring costs and schedule slips clouds a much bigger acquisition predicament for the Pentagon: How to stop more programs from ending up like JSF.
National Defense February 2016 Craig R. McKinley	New Blood May Stem Industry Consolidation At the National Defense Industrial Association we are concerned about the shrinkage of the defense industrial base that has occurred over the past two decades.
National Defense May 2008 Lawrence P. Farrell Jr.	Defense Industrial Base: Plans Needed to Ensure Soft Landing It is probably not too early to contemplate what sectors of the U.S. defense industrial base should brace for a hard landing after the huge war supplemental budgets begin to wane.
The Motley Fool August 27, 2010 Rich Smith	America, Defenseless? Some of the nation's biggest defense contractors have begun receiving "Dear John" letters from the Pentagon.
National Defense August 2010 Sandra I. Erwin	Five Key Questions About the Defense Budget Here are some of the key questions that policymakers should bear in mind when it comes to the defense budget.
National Defense November 2006 Sandra I. Erwin	Industry Fortune Tellers See a Mix of Boom and Bust For the defense industry, depending on whom you talk to, these are the best of times, and the worst of times.
National Defense December 2014 Sandra Erwin	Pentagon Mulls Strategy for Next Arms Race The idea that the United States might see its overwhelming dominance in weapons technology erode is hard to comprehend, however, given the enormous spending gap between the Pentagon and everyone else.
National Defense March 2004 Sandra I. Erwin	As Companies Get Larger, They Become Less Responsive, Says Officer As top U.S. defense contractors continue to expand via mergers and acquisitions, they are, in many cases, making life more difficult for their military customers, said the Army's head of aviation procurement, Maj. Gen. Joseph L. Bergantz.
National Defense November 2009 Sandra I. Erwin	Contractors Should Not Panic Over Program Cuts It is a difficult political environment for defense contractors today, but there is no reason to panic, and business is still good
National Defense April 2013 Sandra I. Erwin	Satellite Shortages May Choke Off Military Drone Expansion It is a perennial problem in military operations that there is never enough satellite capacity to satisfy commanders' gargantuan appetite for voice and data communications.
National Defense January 2015 Sandra I. Erwin	Military Challenged to Maintain Decades-Old Aircraft The U.S. military operates fleets of Cold War-era aircraft that will not be replaced any time soon. For the Pentagon, this creates daunting challenges, experts warn. Airplanes will have to fly much longer than planned and, at a time of tight budgets, the cost of maintaining aging equipment is projected to soar.
National Defense January 2008 Sandra I. Erwin	Air Force Big-Ticket Weapons So Far Safe From Budget Ax Air Force pleas for bigger procurement budgets so far have fallen on deaf ears. But the service can rest assured that virtually none of its major weapon acquisition programs appears to be in financial jeopardy.
National Defense October 2014 Sandra I. Erwin	Golden Age of Federal Contracting Is Over Washington has dealt crushing blows to the national security establishment. There are no predictable budgets for the Pentagon to map out its weapons wish list, or for contractors to project their future business.
National Defense January 2010 Sandra I. Erwin	Defense, Industry Upheaval Defined By 10 Key Moments Here's a look back at 10 key moments that defined the decade for the military and the defense industry.
National Defense April 2013 Sandra I. Erwin	Pentagon, Contractors Clash Over Profits The pressure is on at the Pentagon to bring down the cost of military hardware. The dictum from acquisitions chief Frank Kendall is that "unaffordable" programs will be axed.
National Defense May 2008 Sandra I. Erwin	Weapons Budget: The More You Spend, The Less You Buy A hyperinflation tsunami now threatens to sink the Defense Department's purchasing power so dramatically that a weapons budget that currently funds 95 programs will pay for just a handful of big-ticket programs
Military & Aerospace Electronics November 2008 John Keller	Defense budgets headed down, no matter who's in the White House In fact, fuel prices should have a much broader influence on defense spending over the next several years than who's resident in the White House.