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Ellen Lord: Textron Systems Eyes Change in Defense Market Picture

Ellen Lord: Textron Systems Eyes Change in Defense Market Picture - top government contractors - best government contracting event

ContractsEllen Lord, president and CEO of Textron Systems, said last week the company is investing in technology and talent development in order to stay competitive amid market and fiscal pressures.

“We have the ability to scale, and we have a commercially minded workforce,” Lord told an Atlantic Council-hosted event.

Marjorie Censer writes that Lord predicts that defense companies will respond to a changing business landscape by expanding into niche markets or seeking to grow their operations.

The Providence, R.I.-based contractor agreed to acquire Beech Holdings for $1.4 billion last month.

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