Mapping Aerospace M&A

6 April 2017

In mature industries like aerospace and defense, mergers and acquisitions are primary tools of corporate strategy. As the bases of competition for product and service offerings become ever more firmly established, the race for competitive advantage increasingly relies on initiatives… 
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The “High Beta” Presidency: Anything Could Happen

20 January 2017

What does the Trump Administration portend for defense policy? Will it increase the defense budget? Will it change the size, structure, and disposition of military forces? Will it cancel important acquisition programs? For now, the best answer to these questions… 
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How the New Administration Can Break the Grip of Deadlock Over Defense Spending

10 November 2016

This week’s election draws to a close a race for President driven by identity politics—affinity by race, class, gender, etc.—rather than ideological competition or policy differences. As a result, resolution of the political contest will not unto itself unlock the calcified… 
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Reforming the Acquisition Mindset

26 August 2016

In what may be his last act to shape defense authorizations, the chairman of the Senate Armed Services Committee (SASC) is pulling out all the stops to remake the Pentagon. Senator John McCain (R-Ariz.) is advancing a National Defense Authorization… 
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Playing the Long Game

15 June 2016

At the end of 2014, the CEO of naval shipbuilder Huntington Ingalls Industries, Mike Petters, delivered an address at the Atlantic Council entitled, “Playing the Long Game”. In it, Petters made the case for the chief executive’s leadership antidote to… 
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The Long Bottom of US Defense Spending

7 April 2016

Signs of spring abound: The forsythia is in bloom; the crack of baseball’s opening day resounds; and the DoD Comptroller’s “Green Book” once again issues forth. The National Defense Budget Estimates for FY 2017, or Green Book, so-called by the… 
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Think Small

2 February 2016

Last month, while the world’s elites were gathering in Davos, Switzerland for Klaus Schwab’s World Economic Forum, I was in Washington hosting an address by the acquisition executive of the U.S. Special Operations Command, James “Hondo” Geurts. While the setting… 
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The Art of a Next Offset Strategy

12 November 2015

The Atlantic Council, where I hold a fellowship, recently published an anthology of short fiction and graphic art it curated over the first year in our Art of Future Warfare Project. Entitled War Stories From the Future, the collection makes… 
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If a Weapon Were a Three-Piece Suit

2 September 2015

Several recent headlines– “Senators Call For Oversight On LRS-B Cost Estimates” “Oshkosh Wins JLTV Award” “Kendall ‘Open-Minded’ On Sharing RD-180 Replacement Costs” “Can Secretary Carter win over Silicon Valley?” –got me thinking about menswear and defense acquisition and why they are… 
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How M&A Is Restructuring The Aerospace And Defense Industry

25 June 2015

Five years beyond the inflection marked by the Great Recession’s bottom and Iraq War’s end, the market for mergers and acquisitions in aerospace and defense is finally heating up and taking shape. At this halfway point through 2015, the value… 
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