Grundman cited in Defense News, “Early Procurement Cuts Spare Industrial Base”
The program decisions announced Feb. 13 left most of the [industrial] base intact and future plans look promising, although further cuts could still pose risk, experts said. “I think the shoes to fall are softer and smaller in the modernization accounts,” said Steve Grundman of Grundman Advisory. “The depth of the reductions is modest. You start breaking the cookie jar at 20, 25, or 30 percent. You start breaking the china there.”
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