Investment bankers said Thursday that government contracting industry consolidation is likely to continue in 2016, noting that Pentagon officials' comments opposing large-scale mergers likely won't affect contractors that specialize in services. During an event sponsored by Morrison Foerster in Tysons Corner, VA, bankers said Pentagon acquisition chief Frank Kendall, who spoke out against industry consolidation last week, probably does not intend to slow mergers within the services contracting market, where there are more competitors. The services side is "not where...
