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Article
An Initial Look at Technology and Institutions on Defense Industry Consolidation
Acquisition Review Journal
  • John Driessnack
  • David King, Marquette University
Document Type
Article
Language
eng
Format of Original
15 p.
Publication Date
1-1-2004
Publisher
Defense Acquisition University
Abstract

Conventional wisdom holds that defense industry consolidation resulted from decreased defense spending. However, we maintain that understanding dynamic changes in key defense institutions helps provide a more complete explanation for observed consolidation. Specifically, we examine the interaction of evolving technology and changing institutions. Institutions reviewed include procurement policies, weapons requirements process and the procurement organizations. We take an initial look at the industry and highlight how these changes influenced transaction costs in the defense industry more fully explain the forces driving consolidation and provide greater insight to policy makers seeking to improve the performance of the defense industry. Further research is needed to build a robust institutional framework of the defense industry and the related government agencies to allow better policy prescriptions.

Comments

Published version. Acquisition Review Journal, Vol. 35, (2004): 63-77. © Defense Acquisition University 2004. Used with permission.

Citation Information
John Driessnack and David King. "An Initial Look at Technology and Institutions on Defense Industry Consolidation" Acquisition Review Journal (2004) ISSN: 1533-6409
Available at: http://works.bepress.com/david_king/3/