We have one company that builds aircraft carriers. We have two companies that build submarines. We've one that builds destroyers. There's not enough competition, and it's not like they're not trying. But, you know, When we consolidated the defense industry into five, there's no incentive to innovate or mess that up. And that is the problem. We need competition, we need new labor, we need more modern practices. And candidly, we need to act with much more urgency. (15:21–15:27)
CLAIM
Asserts that the consolidation of the defense industry into five companies has reduced innovation incentives.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
