Archive | May 2, 2012

The Wall Street Journal l Lockheed’s Next CEO Says U.S. Cuts Will Spur Mergers

The uncertainty surrounding looming Pentagon budget cuts could trigger another round of defense-industry consolidation, said Christopher Kubasik, who will become the next chief executive of Lockheed Martin Corp., the world’s largest defense company by revenue. The big U.S. and European contractors that dominate the defense sector are already wrestling with shrinking domestic business and targeting […]