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Business/Financial

CEO: Pentagon Should Help Industry Operate More Commercially

Defense Daily Staff

Wednesday, November 19th, 2014

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CEO: Pentagon Should Help Industry Operate More Commercially

Ellen Lord, former Textron Systems president and CEO. Photo courtesy of Textron.

The defense industry is becoming more commercial and more globalized, and both defense contractors and the Pentagon need to use the ongoing acquisition reform efforts as an opportunity to adjust to these new realities, according to Textron’s [TXT] CEO. To adjust to declining budgets, defense contractors need to be more agile and more innovative, Textron President and CEO Ellen Lord said at the Defense One Summit on Wednesday–but the Pentagon needs to help them do this. She said companies want…

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