Opinion: How A Merger May Be A Zero-Sum Deal

Mergers and acquisitions have an interesting side effect: They often bring to the surface things that otherwise would remain hidden or unnoticed. The recently announced merger of Harris Corp. and Exelis is a case in point. Beyond the usual M&A lingo (“transformational,” “powerful combination,” “growth platform,” “scale,” etc.), this transaction brings back to light some fundamental truths about the U.S. defense sector that otherwise tend to be forgotten. (aviationweek.com) और अधिक...