Defense Industrial Base Mergers and Acquisitions in the Post-Cold War Era

Author

Corey D. Mack

Date of Award

3-2023

Document Type

Thesis

Degree Name

Master of Science

Department

Department of Systems Engineering and Management

First Advisor

Clay M. Koschnick, PhD

Abstract

The United States Department of Defense (DoD) relies on prime contractors for weapon system development, acquisition, and sustainability, but the increased consolidation of the Defense Industrial Base (DIB) through mergers and acquisitions (M&A) has raised concerns over reduced competition. This research consists of two studies. The first reviews existing literature to identify factors behind the DIB's increased M&A activity since the 1990s, such as DoD budget cuts and market structure. The second study examines the relationship between a prime contractor's financial health and M&A spending, finding a significant relationship between efficiency and M&A spending. Policymakers can use this information to make informed policies and regulations, ensuring a competitive defense industry, global military superiority, and strengthened national defense.

AFIT Designator

AFIT-ENV-MS-23-M-207

Comments

A 12-month embargo was observed.

Approved for public release: 88ABW-2023-0305

Recommended Citation

Mack, Corey D., "Defense Industrial Base Mergers and Acquisitions in the Post-Cold War Era" (2023). Theses and Dissertations. 6969.
https://scholar.afit.edu/etd/6969