The Pentagon said that decades of mergers in the American defense sector have left the U.S. military less well-equipped and needlessly overburdened taxpayers, the Financial Times reports.
The Department of Defense report, released on Tuesday, detailed the post-Cold War surge in mergers which has shrunk the number of American defence prime contractors from 51 in 1990 to 5 today: Lockheed Martin, Raytheon, General Dynamics, Northrop Grumman and Boeing.
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