Trump’s Active Role In Defense Contracts Makes Industry Uncomfortable
President-elect Donald Trump has surprised defense contractors with his proactive approach to negotiating individual weapons contracts, leaving many wondering what the future holds for the industry.
With thousands of defense contracts set to expire next year, and a president likely to take an active role in negotiating price, defense experts are wondering how to approach the administration.
Defense industry analysts were optimistic immediately following the Nov. 9 election that Trump would bolster military spending to accomplish his goals for the armed forces. Trump said he wants to increase the size of each branch of the military, including increasing the size of the Navy to 350 ships from about 276, which is an expensive proposal. – READ MORE