Strianese: Maintaining US Lead in a Time of Challenges
The widely held perception is that US aerospace and defense companies have weathered sequestration. But even if true, the consequences to our nation of arguably reckless budget cuts are troubling. In the midst of a five-year substantial downturn in defense spending, geopolitical threats are more widespread and significant than in any time since the end of the Cold War. Like the pre-9/11 era, domestic spending priorities, growing instability in unfriendly regions, and political rather than proactive decision-making carries the day.