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An examination of the effects of consolidation and globalization on
the aerospace defense industry. The increasing consolidation of the
defense aerospace industry, brought about by post-Cold War
reductions in defense authorizations, has led to the proliferation
of cross-border relationships between U.S. and European firms. This
report examines aerospace industry globalization trends with a view
toward determining how the U.S. Air Force can best exploit such
trends while minimizing their risks. It concludes that further
research must be done to ascertain how the advantages of
globalization, such as increased competition and interoperability,
can best be achieved without compromising security concerns. [AF]
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