Vago Muradian and Bill Lynn discuss how changes in the defense budget will impact an increasingly global industry.
ARLINGTON, VA, October 21, 2013 -- Unsurprised by the current challenges the defense industry faces due to increasing budget cuts, Lynn highlights hopes for the future.
Lynn notes that budget cuts have been made non-strategically and in a large and unbalanced way. He hopes that any future cuts will be made in a way that rebalances and strategically positions the industry, and that there will be a defined budget for the industry to plan towards.
Furthermore, Lynn emphasizes two growing trends that he hopes the government will be able to get ahead of: commercialization and globalization. Currently, the government is positioned as an exporter of technology, but more and more, the most useful technology is being produced elsewhere. If the government is able to reduce regulatory burden and open markets here and abroad, Lynn believes that the industry can continue to benefit from the best technology, despite financial challenges.