Defense Industry Access to Capital Markets: Wall Street and the Pentagon, An Annotated Brief

Report Number: NPS-AM-11-C8P11R01-045

Series: Acquisition Management

Category: Defense Industrial Base (DIB)

Report Series: Proceedings Paper

Authors: David Berteau, Roy Levy, Guy Ben-Ari, Cornelia Moore

Title: Defense Industry Access to Capital Markets: Wall Street and the Pentagon, An Annotated Brief

Published: 2011-04-01

Sponsored By: Acquisition Research Program

Status: Published--Unlimited Distribution

Research Type: Other Research Faculty

Full Text URL: http://acquisitionresearch.net/files/FY2011/NPS-AM-11-C8P11R01-045.pdf

Keywords: Capital Markets, Long-Term Assets, IRAD

Abstract:

Private companies rely on cash raised from capital markets to finance their operations, including expenditures on long-term assets (such as facilities and equipment), independent research and development (IRAD), and retirement of old debt. Capital markets play a role in shaping the depth and breadth of the U.S. defense industry and the capabilities it has to offer, as well as in the cost of these capabilities to the Department of Defense.
This paper presents interim findings of research on defense companies