Market upheaval combined with an aging baby boomer generation is leaving many federal contractors facing changes at the top, as industry veterans step aside to make room for new talent.
Two factors are driving CEOs at the biggest defense contractors to step down. First, they’re getting older. And second, the market is changing as two wars wind down and budget restraints cause agencies to adjust priorities. That’s leaving some companies to look beyond the good ol’ boy network and their own internal front-runners to rising stars less tethered to the old ways of doing business.