Grundman Cited In Defense News, “Analysts: Sikorsky Decision May Signal Trend”
“Steve Grundman, principal of Grundman Advisory and Lund Fellow at the Atlantic Council, sees another potential trend, one that could have consequences for the defense industry. ‘While it’s not yet the rule, UTC’s announcement appears to repeat a template of multi-industrials exiting or curtailing their exposure to defense,’ Grundman said. ‘It’s a playbook for the industry as a whole that I would regard as a regressive, unwelcome trend — the retreat from the defense market of multi-industrials — because I regard the participation of strong multi-industrial companies in the defense sector as improving its stability and propensity to innovate.’”
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