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Industrial Base Must Make Sacrifices In Restricted Budget Environment

DDN

Thursday, February 17th, 2011

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By Carlo Munoz With defense budgets expected to experience little to no growth over the next several years, defense industry firms must adjust their business practices in the same manner as their Pentagon counterparts to survive, according to DoD acquisition chief Ashton Carter. The Defense Department has entered "a new era" in defense procurement, according to Carter. An era, he added, that is hallmarked by "modest" growth in base defense budgets. But that modest growth pales in comparison to the…

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