FARNBOROUGH AIR SHOW: One of the topics dear to the hearts of Beltway bandits, defense lobbyists and — let’s be honest — reporters, is always who will run things after the November elections.
Few people wise in the ways of Washington I know are willing to predict what will happen when the people vote. But I was lucky enough to bump into Sen. James Inhofe, Nr. 2 Republican on the Senate Armed Services Committee this morning at the Raytheon pavilion here. Inhofe had just been briefed on the company’s new Aviation Warrior effort. Keep reading →
After three years of the “age of austerity” in Western military spending, investors’ imperatives and corporate strategies show one indication of how the defense-industrial base will evolve over the next decade. Investors want public companies that demonstrate an attractive risk-adjusted total return, not just M&A-fueled arbitrage plays. In response, companies are husbanding or harvesting their financial… Keep reading →