U.S. and European defense companies create teams, joint ventures, and subsidiaries and sometimes merge with or acquire one another in order to compete worldwide for the sale of military weapon systems. Generally, two or more companies form a team by negotiating an agreement to work together to pursue a particular government procurement, with one company acting as the primary contractor and others as subcontractors. In contrast, a joint venture is typically a separate legal entity, either a partnership or a corporation, that two or more companies form to pursue a discrete market. A subsidiary is different from both a team and a joint venture because it is wholly owned by one company and is physically located in another country so that it may pursue that country's defense business. Defense companies form these alliances and subsidiaries to access and increase their competitiveness in other markets.
Defense Trade Contractors Engage in Varied International Alliances
2000
24 pages
Report
Keine Angabe
Englisch
Business & Economics , Behavior & Society , Military Sciences , Defense systems , Government procurement , International trade , International relations , Europe , Department of defense , Commerce , Marketing , Weapon systems , Contractors , Military applications , Company level organizations , Agreements
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