« Reply #1 on: March 25, 2023, 05:02:32 pm »
In 1993, Norman Augustine, then the chief executive of Martin Marietta, one of the largest of the military contractors, received an invitation to a dinner with Defense Secretary Les Aspin, who was helping President Bill Clinton figure out how to shrink military spending.
When he arrived, more than a dozen other chief executives from major contractors were there for a gathering that would become known as “The Last Supper.” The message delivered to the industry by Mr. Aspin was that many of the companies needed to disappear, by merging or going out of business.
“The cost would be enormous of maintaining the half-full factories, factory assembly lines,” Mr. Augustine, now 87, said in an interview at a coffee shop near his Maryland home, recalling the message shared with the executives. “The government was not going to tell us who the survivors would be — we were going to have to figure that out.”

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