Merger Talk

By Christopher J. Castelli / March 12, 2013 at 6:49 PM

Deputy Defense Secretary Ashton Carter said today he expects "a lot" of proposals from contractors for new mergers and acquisitions, many of which will likely be necessary and healthy.

The Defense Department is open to market-driven proposals that make good long-term sense, Carter told the audience at a McAleese/Credit Suisse defense conference.

DOD has concerns about competition, which would be addressed when considering proposed transactions, he said. But these mergers and acquisitions will for the most part be the means by which industry stays financially and technologically healthy, Carter said.