February 7, 2015
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.




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