NEW YORK -- Kenneth Krieg, the Pentagon's acquisition executive, told Wall Street analysts here that he welcomes further consolidation of the defense industry so long as the proposed deals encourage innovation, deliver products at lower cost, and bring new capabilities to the military faster. Following a speech to a conference here, Krieg sidestepped a direct question from an analyst asking whether he believed there was room for further "major consolidation" of the defense industry. "Good solid competition drives both innovation...
