5 ms·

If you take the time to read the entire article the bibles are only part of the argument. > Bibles and prom dresses don’t matter so much, but a few months ago,

by sosuke 7y ago

If you take the time to read the entire article the bibles are only part of the argument. > Bibles and prom dresses don’t matter so much, but a few months ago, the head of acquisitions for the Air Force, William Roper, noted that the U.S. had to depend on only two prime contractor makers of fighter jets, down from 13 in the 1950s Additionally the ending letter was very interesting as well.

est31 7y ago
https://apps.dtic.mil/dtic/tr/fulltext/u2/a475971.pdf https://apps.dtic.mil/dtic/tr/fulltext/u2/a475971.pdf Massive consolidation within the defense industry began after the end of the Cold War. According to the Department of Justice (DOJ), the majority of the mergers occurred between 1990 and 1998. [...] In 1993, then Deputy Secretary of Defense William Perry held a meeting with defense industry leadership to inform them of drastic reductions in future defense expenditures and to encourage them to consolidate. That meeting earned the sobriquet "the Last Supper." [...] The DoD had a policy that paid restructuring costs to consolidating companies, which allowed government and the company to share in the savings realized to the government. The policy gained congressional and public scrutiny because it seemed to reward contractors for undergoing large-scale downsizing or streamlining of the workforce in the name of cost savings (GAO, April 1996, 3). This procedure earned the stigmatizing label "payoffs for layoffs" from the media. That consolidation was their own doing.
- sosuke 7y ago
  Very interesting! Do you think the person quoted in the article knew they were being disingenuous?
  - est31 7y ago
    He doesn't have to support the policy choices of his predecessors. Actually, the policy that led to those consolidations was ended in 1998: In 1998, DoD unexpectedly reversed the pro-consolidation policy and urged the Department of Justice (DOJ) to reject theproposed merger of Lockheed Martin and Northrop and the proposed General Dynamics acquisition of Newport News Shipbuilding. https://www.dau.edu/library/arj/ARJ/arq2001/Deutch.pdf https://www.dau.edu/library/arj/ARJ/arq2001/Deutch.pdf

by sosuke 7y ago

est31 7y ago

https://apps.dtic.mil/dtic/tr/fulltext/u2/a475971.pdf https://apps.dtic.mil/dtic/tr/fulltext/u2/a475971.pdf Massive consolidation within the defense industry began after the end of the Cold War. According to the Department of Justice (DOJ), the majority of the mergers occurred between 1990 and 1998. [...] In 1993, then Deputy Secretary of Defense William Perry held a meeting with defense industry leadership to inform them of drastic reductions in future defense expenditures and to encourage them to consolidate. That meeting earned the sobriquet "the Last Supper." [...] The DoD had a policy that paid restructuring costs to consolidating companies, which allowed government and the company to share in the savings realized to the government. The policy gained congressional and public scrutiny because it seemed to reward contractors for undergoing large-scale downsizing or streamlining of the workforce in the name of cost savings (GAO, April 1996, 3). This procedure earned the stigmatizing label "payoffs for layoffs" from the media. That consolidation was their own doing.

sosuke 7y ago
Very interesting! Do you think the person quoted in the article knew they were being disingenuous?
- est31 7y ago
  He doesn't have to support the policy choices of his predecessors. Actually, the policy that led to those consolidations was ended in 1998: In 1998, DoD unexpectedly reversed the pro-consolidation policy and urged the Department of Justice (DOJ) to reject theproposed merger of Lockheed Martin and Northrop and the proposed General Dynamics acquisition of Newport News Shipbuilding. https://www.dau.edu/library/arj/ARJ/arq2001/Deutch.pdf https://www.dau.edu/library/arj/ARJ/arq2001/Deutch.pdf