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ID:
178021
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| Summary/Abstract |
The U.S. government increasingly outsources important national security responsibilities to defense contractors. In addition to manufacturing hardware and weapons, corporations now supply much of the specialized labor used by American defense and intelligence agencies to execute cyber operations, train foreign militaries, analyze top-secret information, and pilot unmanned aerial vehicles. This study examines the current state of affairs in the U.S. defense industry and demonstrates that publicly traded corporations are awarded the lion’s share of U.S. contracting dollars spent on national defense. Subsequently, the inquiry argues that publicly traded corporations possess a competitive advantage over privately held companies in the U.S. defense industry because of their superior ability to raise capital through initial public offerings, follow-on share sales, and access to debt supplied by financial institutions. In recent years, publicly traded defense contractors have used these financial strategies to make major acquisitions, increase their competitiveness, and consolidate market share in the American defense industry.
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| 2 |
ID:
171647
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| Summary/Abstract |
The United States’ global strategic outlook has shifted markedly since the end of major combat operations in Iraq and Afghanistan. As the United States’ strategic posture shifts, the nature of military operations is simultaneously changing rapidly. Many analysts predict that cyber-operations, autonomous weapons systems, artificial intelligence, and clandestine special forces operations will be central features in future conflicts. Although often overlooked by scholars and policy analysts, defence contractors are integral to the development and implementation of these emerging categories of warfare. This inquiry examines the evolving nature of the American defence industry and the roles corporations play in current theatres of conflict. Surprisingly, rather than becoming less reliant on defence contractors after their much-maligned performance in the wars in Iraq and Afghanistan, American military and intelligence agencies have become more dependent on the private sector as technology becomes increasingly central to warfare.
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