Lockheed Martin

9203.636 - 9234.661 David Rosenthal

Right. And everybody in the industry knows it, and then it becomes super explicit. This is kind of an amazing event that happens. In July of 1993, the then Deputy Defense Secretary William Perry calls the CEOs of all the major prime defense contractors to a dinner in Washington. at which he explicitly tells them defense spending is going to shrink massively. Duh, you know that.