Pentagon Wants Defense Contractors to Refrain From Merging

Wednesday, 09 Feb 2011 12:48 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The Pentagon is using a speech today to investors to argue against further consolidation of the defense industry, the Wall Street Journal reports. The Defense Department’s top procurement officer, Ashton Carter, says that more mergers among defense contractors could drive up the cost of everything from new weapons to military base maintenance.

Pentagon, defense, conractors, merging“The speech doesn't refer to any specific deals — and Mr. Carter said that the Pentagon hasn't been approached with any proposals for large-scale mergers — but the remarks are likely to be carefully parsed,” the Journal reports.

The push contrasts with past Pentagon policy on mergers and coincides with moves by Defense Secretary Robert Gates to limit defense spending increases and promote budget austerity.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Texas Army Base on Lockdown After Suspicious Vehicle Found

Sunday, 23 Nov 2014 21:58 PM

A lockdown was ordered at a U.S. Army base in San Antonio, Texas, on Sunday evening in what a military spokesman describ . . .

Man Who Ambushed Cops Had Anti-Government Beliefs

Sunday, 23 Nov 2014 18:36 PM

A Florida man who set his house on fire and ambushed responding police officers held anti-government, anti-establishmen . . .

Admiral Denies Role in Counterfeiting Casino Chips

Sunday, 23 Nov 2014 16:58 PM

An admiral linked by Navy investigators to counterfeit casino chips denied Sunday that he played any role in making them . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved