The Pentagon should take an active role in managing the defense industrial base by identifying a handful of "critical" sectors that produce must-have capabilities, funding them with money shifted from weapons programs that are not essential to combating future threats, a new study recommends. Barry Watts and Todd Harrison, senior fellows at the Center for Strategic and Budgetary Assessments, argue in a report published today that the private-sector defense industry does not function like a normal free-market entity. Accordingly, a...