Cuts could launch defense consolidation wave

02/21/2013 | Fox Business

The defense industry could see a wave of consolidation if sequestration cuts go into effect March 1, and mergers and acquisitions would be particularly likely among smaller and midsize companies, analysts say. "Any further reduction in defense spending poses a risk and could lead to consolidation," said Marina Malenic, an industry reporter for defense and security consultant IHS Jane's.

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