Defense Companies Face a \"Transformer\" Challenge Under Leaner Budgets
Like \"Transformer\" toy weapons, US defense companies facing the new world of lean defense budgets must morph into new shapes to be able to offer customers value that supports ongoing growth. David F. Melcher, CEO of ITT Exelis, a defense, aerospace and information company spun off from ITT in 2011, considers the challenges in this Knowledge@Wharton interview. Melcher discusses the need for adapting to a 10-year down cycle in defense spending, forging new, \"affordable capabilities\" for defense needs, and building on existing technologies to create products and services increasingly apart from strictly defense revenues.From:KnowledgeAtWhartonViews:0 0ratingsTime:16:18More inEducation
<\/p>\n
See the rest here:<\/p>\n
Defense Companies Face a "Transformer" Challenge Under Leaner Budgets - Video<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Defense Companies Face a \"Transformer\" Challenge Under Leaner Budgets Like \"Transformer\" toy weapons, US defense companies facing the new world of lean defense budgets must morph into new shapes to be able to offer customers value that supports ongoing growth. David F. Melcher, CEO of ITT Exelis, a defense, aerospace and information company spun off from ITT in 2011, considers the challenges in this Knowledge@Wharton interview Continue reading