President Richard Nixon once joked with Israeli prime minister Golda Meir. He said he’d give her three U.S. generals in exchange for the legendary Moshe Dyan. Meir answered, sure, I’ll take General Motors, General Electric and General Dynamics. Today’s Defense Industrial Base is operating in a changing and uncertain economy. In the last few years, it’s been hit by Defense spending cutbacks. Nayantara Hensel, former chief economist for the Navy, joined Tom Temin on the Federal Drive to describes what this means to the Defense Industrial Base and to the Defense enterprise.

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