TY  - JOUR
PY  - 2001//
TI  - Globalisation in the defence industry: An exploration of the paradigm for us and European defence firms and the implications for being global players
JO  - Defence and peace economics
A1  - Neal, Derrick J.
A1  - Taylor, Tracy
SP  - 337
EP  - 338
VL  - 12
IS  - 4
N2  - This paper explores some of the key issues associated with the restructuring of the defence industry. A comparison is made between the US and the European Defence Industrial Bases in terms of the drivers for change and the paradigms within which change has taken place. Having shown that some very important differences exist, the paper then explores the approaches that have been adopted for industry consolidation and references them to the academic literature on mergers and acquisitions (M&As) and strategic alliances (SAs). Given that most of the key defence players recognise the need to be global players, the paper presents an argument that the European firms' experience of operating with a wide range of forms of corporate alliance will serve them in good stead for operating on a global defence scale. US firms, in contrast, have focused largely on M&A activity.<p /> 
LA  - 
SN  - 1024-2694
UR  - http://dx.doi.org/10.1080/10430710108404992
ID  - ref1
ER  -