U.S. Defense Tech Security Called 'Swiss Cheese'
Rep. Duncan Hunter's, R-Calif Remakes at the House Armed Services Committee Hearing on State and Defense Department Interagency Partnership.
As the value of the U.S. dollar declines, investing in U.S. defense firms becomes more attractive to foreign companies. That worries Rep. Duncan Hunter, R-Calif., who fears more foreign ownership will mean more pilfered defense technology secrets.
"This is not irrational fear or veiled protectionism, this is a real national security concern," Hunter assured his colleagues on the House Armed Services Committee April 16. "We are in a period where industrial espionage is on the rise."
But globalization of the defense industry seems inevitable.
"We've got people with lots of cash" in the rest of the world, and American companies "that are desperate for cash." The increase of foreign ent
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Location: Washington, District of Columbia, United States (load item map)
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