On January 20, 2010
M&A Activity In Defense To Grow?
It had been expected that Merger & Acquisition (M&A) activity would have increased over the last two years in the defense industry. Other then a few big events such as Northrop Grumman’s (NOC) divestiture of its SETA arm, TASC, there was not as many actions as had been expected. The feeling was that if the defense budgets of the U.S. and other European countries did decline due to changes in policy and economic difficulties that would would spur activity. Now recently there have been several transactions announced or completed which may signify a major shift in the defense industry as larger companies move to diversify or get out of certain business areas. M&A also might be happening as smaller companies…
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