Interview: Brett Lambert, U.S. Defense Department's Industrial Policy

Not long ago, the industrial base policy office at the Pentagon was relegated to afterthought status during years of booming defense spending. Allocation of resources takes a back seat when the money is seemingly unlimited. But with budgets facing a serious squeeze, industrial base policy has come roaring back as a critical component of defense strategy. Every major acquisition decision is now being considered through the prism of base impact, and every potential merger or acquisition carefully reviewed for possible harm to competition.

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