Defense Cos. Need Leadership, Diversification In Downturn

Law360, New York (October 17, 2013, 8:55 PM EDT) -- With U.S. military budgets going down and not returning any time soon, U.S. defense companies will need strong leadership and a willingness to branch out into related commercial markets if they're going to thrive, a panel of defense industry experts said Thursday.

Speaking at an event hosted by Fried Frank Harris Shriver & Jacobson LLP, defense budget experts predicted that the U.S. military budget will continue to decline and won’t bottom out until 2016 or 2017, when it could reach about $450 billion. That would be a...
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