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The US and worldwide protection industrial sectors have confronted many challenges during the last twenty years, together with cycles of progress and shrinkage in protection budgets, shifts in strategic protection priorities, and macroeconomic volatility. Within the present surroundings, the protection sector faces a mixture of those challenges and should wrestle with the necessity to keep important elements of the protection industrial base as protection priorities change and as protection budgets scale back or plateau. Furthermore, the protection sector within the US is interconnected each with protection sectors in different nations and with different business sectors within the US and international economies. As a end result, strategic selections made in a single protection sector impact the protection sectors of different nations, in addition to different areas of the financial system. Given her educational, company, and Division of Defense expertise as a main economist and coverage-maker, Dr. Nayantara Hensel is completely positioned to look at the interrelationship between these forces each traditionally and within the present surroundings, and to evaluate the implications for the longer term international protection industrial base.
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