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

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' access to capital markets. The research is ongoing, and a final version, including policy recommendations, will be presented at the May 2012 Naval Postgraduate School Annual Acquisition Symposium.

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Document Details

Document Type
Technical Report
Publication Date
Apr 30, 2011
Accession Number
ADA543897

Entities

People

  • Cornelia Moore
  • David Berteau
  • Guy Ben-ari
  • Roy Levy

Organizations

  • Center for Strategic and International Studies

Tags

Communities of Interest

  • Biomedical
  • Energy and Power Technologies
  • Human Systems
  • Space

DTIC Thesaurus Topics

  • Acquisition
  • Air Force
  • Business Administration
  • Contracts
  • Defense Industry
  • Department Of Defense
  • Financial Management
  • Governments
  • Management Personnel
  • Military Acquisition
  • Money
  • National Governments
  • National Security
  • Organizational Structure
  • Personnel Management
  • Procurement
  • Public Policy

Readers

  • Defense Technology Research and Development.
  • Government and Public Administration Law.
  • Naval Personnel Management