Pentagon, Suppliers Must Change To Survive: Report
According to a report released this week, the U.S. military and its main suppliers must globalize and adopt more commercial practices to stay competitive. U.S. military spending is falling, but China, India and other countries are spending more and making strides in development of satellites and other advanced technologies. To maintain revenues, Lockheed Martin, Boeing and other big U.S. firms are increasingly turning to overseas sales and hunting for opportunities in non-defense markets. The report also said the U.S. weapons industry moves too slowly to adjust to current trends.
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