Grundman Cited In Businessweek, “U.S. Defense Contractors Focus On Foreign Buyers”

14 November 2013 • 0 Comments

“Some analysts doubt U.S. contractors will ever be able to find enough foreign sales to make up for lost domestic business. In one measure of the potential gap, the Defense Security Cooperation Agency, which oversees sales of U.S.-made military equipment to foreign governments, forecast that overseas sales in 2013 will total $25 billion. The Pentagon, by contrast, will be forced next year to cut twice that much if sequestration remains in effect. ‘I do not believe international sales can quickly fill a $50 billion hole,’ says Steven Grundman, a defense analyst and George Lund fellow at the Atlantic Council. ‘There’s not enough international market in the near term to fill that void.'”


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