Investments Can Save Industry From 'Obsolescence'.There is a correlation between the strength of the industrial base an long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. national security, said James MacAleese of MacAleese and Associates. MacAleese presented a report entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "A Compelling 'National Security/Business Restructuring' Model is Critical to Long-Term U.S. National Security," at the American Institute of Aeronautics and Astronautics The American Institute of Aeronautics and Astronautics (AIAA) is the professional society for the field of aerospace engineering. The AIAA was founded in 1963 from the merger of four earlier societies: the American Rocket Society (ARS), founded in 1930 as the global air and space conference. He explained that the forthcoming "defense business model" created by Secretary of Defense Donald H. Rumsfeld and his ream, "must integrate long-term drivers of national security with the shorter term scrutiny of shareholders." Though they are tasked with the lofty goal of protecting the security of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , MacAleese said, contractors are engaged in a "constant struggle for capital" while facing limited growth and lowered profitability. What will save the industry from obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. is "a constant infusion of capital," or an increase in top-line defense spending, which is important for contractors to finance production, he added. |
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