William Perry: DoD Should Offer Industry Guidance Amid Consolidation Wave

William Perry
William Perry

Former Defense Secretary William Perry has urged the Defense Department to offer “straightforward” advice to defense companies amid a flurry of merger and acquisition deals that he believes have substantially lessened market competition, National Defense Magazine reported Thursday.

Sandra Erwin writes post-Cold War spending cuts at the department prompted Perry to convene a meeting with industry executives in 1993 to encourage them to consider consolidation strategies.

Perry told reporters Wednesday he initiated that meeting, dubbed as the last supper, with the intent to help establish a leaner defense industry and minimize weapon development cost issues.

“What we got was… few large companies and less effective competition,” he added, the magazine reports.

Colin Clark of Breaking Defense asked Perry during an interview on what he thinks the DoD can do to address the department’s concerns about the impact of increased M&A activity.

“Maybe we should be more explicit in saying we already have enough consolidation,” Perry told the publication.

Check Also

SpaceX Crew-1 mission

SpaceX, NASA Eye Oct. 31 Launch for Crew-1 Mission

SpaceX and NASA plan to launch on Oct. 31 the manned Crew-1 mission to the International Space Station.


E3/Sentinel to Help Space Development Agency Engineer Systems

E3/Sentinel has received a potential three-year, $57.6M task order to engineer systems and perform technical support work for the Space Development Agency.

Day and Zimmermann

Day & Zimmermann Unit to Manufacture Cartridge Actuated Devices for Navy Load Airdrop

Day & Zimmermann's munitions business has won a position on a five-year, $39M contract from the U.S. Navy to manufacture cartridge actuated cutters designed to help military personnel deploy cargo parachutes.