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Does the Harris-L3 merger signal peak Pentagon?

Robert J. Terry
American City Business Journals
Does the Harris-L3 merger signal peak Pentagon?

Executives with Harris Corp. and L3 Technologies touted their proposed merger of equals Monday as the largest merger in the history of the defense industry and the formation of a company uniquely positioned to support the Pentagon as it embarks on a national defense strategy to restore the U.S. military’s competitive edge. Aerospace and defense industry analyst Loren Thompson sees additional motivations behind the marriage: getting out in front of demand for military hardware reaching its peak, after which point Pentagon funding softens considerably.