Future of defense industrial base.

• Author: Hoester, Frank
• Position: Reader's Forum - Letter to the editor

Your article, "Wall Street Keeps a Wary Eye on Defense Biz," (Jan. 2015) was very interesting. However, I was dismayed at the future solution proposed by Denis A. Bovin from Evercore Partners. Having the government buy out the defense industrial base is the worst idea to solve the current problems in the acquisition system.

I have dealt with U.S. government organic industrial organizations for many years. They are burdened with un-economic production rates--which increase tax-payer funded overheads--lack the motivation to avoid failure found in commercial firms and are seemingly unconcerned with timely delivery and quality. Maintaining the profit motive for industry to innovate and deliver quality products on time and on...