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13min chapter
Lockheed Martin
Acquired
Consolidation in Defense Contracting
This chapter examines the consolidation trend in the defense contracting industry following the Cold War, highlighting key mergers such as Lockheed Martin's formation. It discusses the U.S. government's role in facilitating mergers to maintain military industrial capability amid shrinking defense budgets. The chapter also explores competitive dynamics among major contractors, regulatory challenges, and the implications of significant contracts like the F-35 Joint Strike Fighter program.
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