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The purpose of this research was to investigate the impact of the defense industry consolidation on the aerospace industry. The defense industry is comprised of twelve sectors that impact different industries. This research focused on the formal aspects of the aerospace industry which supports six of the twelve defense sectors. The aerospace industry is identified by six North American Industry Classification System (NAICS) or Standard Industrial Classification (SIC) codes. Using the structure-conduct-performance paradigm, a method in industrial organization, this thesis analyzed how the defense consolidation affected the structure and behavior of the aerospace industry. For structure, this study examined the industry concentration, buyers and sellers, vertical integration, and product differentiation. Barriers to entry, asset specificity, capital investment, and research and development intensity were analyzed for conduct. Profitability ratios, returns to scale, and impact on cost overruns of government contracts were analyzed for the area of performance. Finally, this study identified trends by comparing the aerospace industry to the total manufacturing industry, and by comparing the large surviving downstream firms to both the aerospace industry and total manufacturing industry. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

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