Deals
Pentagon Welcomes Mergers Except for Top Six Suppliers
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The U.S. Defense Department welcomes mergers among U.S. defense companies provided they don’t involve the top five or six suppliers acquiring each other, the Pentagon’s top weapons buyer said.
“We expect industry to make adjustments” to a slowdown in U.S. defense spending, Ashton Carter, undersecretary of defense for acquisition, technology and logistics, told Bloomberg Television yesterday.