Citation

Bowlin WF. Def. Peace Econ. 1995; 6(4): 295-304.

Copyright

(Copyright © 1995, Informa - Taylor and Francis Group)

DOI

10.1080/10430719508404833

PMID

unavailable

Abstract

In recent years, there have been several changes in the weapon-system acquisition market which have the potential to negatively impact the financial condition of defense contractors. This study evaluates the financial health of defense firms vis-a-vis nondefense firms using a fiscal distress identification model developed by E.I. Altman. We conclude that the financial condition of defense firms has deteriorated but the deterioration is the same as experienced by nondefense firms.