July 19, 2010 / 3:42 PM / 9 years ago

Solid rocket industry needs consolidation-Pentagon

FARNBOROUGH, England, July 19 (Reuters) - The U.S. solid rocket motor industry is “over capacity” and needs consolidation, the Pentagon’s top official for industrial policy said.

“It is over capacity right now,” Brett Lambert said at the Farnborough Airshow on Monday, adding a consolidation was long overdue.

“We should have squeezed out that capacity 10 years ago.” (Editing by Dan Lalor; Reuters Farnborough Media Centre +44 1252-418188)

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