The 1990s Defense Industry Consolidation Did Not Save Money

The report here only applies to a study of consolidation of U.S. shipbuilding operations, but having worked in the defense industry over that period, I can tell you it did not work there either.

Instead, you saw bizarre expensive workshare arrangements to preserve the only two entities capable of producing a weapon system, because if you only had one, then it makes sense to nationalize the industry.

It's Rubinomics applied to the military-industrial complex, and a failure.