Defense News quotes M.A. and George Lund Fellow for Emerging Defense Challenges Steven Grundman on the Harris-Exelis deal and emerging themes in corporate development in the defense market:
“The deal, on the back of the Orbital-ATK deal, suggests the first wave of mergers will feature horizontal mergers in the mid-tier,” said Steven Grundman, a former Pentagon industrial policy chief now the principal of Grundman Advisors. “They seem to be an emerging theme of the next wave of corporate developments in the defense market.”
“Exelis determined its scale and portfolio would not do well against flat defense spending,” Grundman said.