The defense industrial base is tied to American competitiveness in the 21st Century. For that reason, leaders in the private and public sector must take steps to thrive during a drawn out period of changing expectations while also remaining committed to keeping the country strong through innovation, long-term investment and disciplined management.
The defense industrial base comprises much of the country’s aerospace know-how and directly supports the military and intelligence community. Among the threats it faces are stop-and-go program budgeting, sequestration’s across-the-board cuts and instances of poor performance by both industry and government on some of the nation’s costliest and highest profile weapons programs. This dulls America’s innovation edge.
The defense industrial base also poses a test for the country’s resolve to improve our economic capability and resiliency while also strengthening our national security in obvious and not so obvious ways. There are, of course, other crucial components of American competitiveness that also need urgent attention.