Our project had three research questions. In defense contracting in the United States, over the period 2000 through 2019, at the industry and firm level,A. Did free cash flow (FCF) increase or decrease over time?B. For what was FCF being used, and did that change over time?C. Was there a...

With many of the most important new military systems of the past decade produced by small firms that won competitive government contracts, defense-industry consultant James Hasik argues in Arms and Innovation that small firms have a number of advantages relative to their bigger competitors. Such...

With many of the most important new military systems of the past decade produced by small firms that won competitive government contracts, defense-industry consultant James Hasik argues in Arms and Innovation that small firms have a number of advantages relative to their bigger competitors. Such...

<DIV><DIV>With many of the most important new military systems of the past decade produced by small firms that won competitive government contracts, defense-industry consultant James Hasik argues in <I>Arms and Innovation</I> that small firms have a number of advantages relative to their bigger competitors. Such...</i></div></div>