March 27, 2014
|8:30am - 10:00am
New York City Bar Association
42 West 44th Street
New York, NY
(Between 5th & 6th)
Please join us for an off-the-record, candid discussion of the current challenges facing the U.S. defense industrial base and U.S. Department of Defense policies to support that base, including expectations for defense trade, and government initiatives to foster competition and support innovation in defense and dual use technologies. This is a unique opportunity to get a first-hand analysis of critical issues facing the defense sector in an age when traditional defense industries are giving way to new technologies and budget priorities after years of global conflict.
Topics to be addressed:
- Department of Defense on the health of the defense industrial base
Elana Broitman, Principal Deputy Assistant Secretary for Manufacturing & Industrial Base Policy, discusses the impact of budget cuts, opportunities for growth, and the future of “non-heritage” companies (foreign and foreign-owned companies) as contractors and sources of supply. Ms. Broitman will also discuss the role of the Department of Defense in government reviews of mergers and acquisitions.
Elana Broitman, Principal Deputy Assistant Secretary for Manufacturing and Industrial Base Policy, U.S. Department of Defense
- Review the current state of the defense sector
The reaction of capital markets to fiscal crisis, valuation trends (both in public as well as private markets), capital structure effects, distressed situations and outcomes, and the role of private equity.
Anita Antenucci, Managing Director Head of Aerospace•Defense• Government Group, Houlihan Lokey Board Member
William “Tuck” Hardie, Managing Director Financial Restructuring Group, Houlihan Lokey
Michael Krakovsky, Director Aerospace•Defense •Government Financial Restructuring Group, Houlihan Lokey
- Legal and regulatory issues that make the defense sector unique
Including an outline of government reviews (and their impact on timing), export controls, security clearances, government contracts and successor liability issues (and their impact on valuation).
- Restructuring process
How issues may arise in the restructuring process and how they can be addressed successfully.
Kristopher M. Hansen, Partner Financial Restructuring Group, Stroock & Stroock & Lavan LLP
Andrew P. DeNatale, Of Counsel Financial Restructuring Group, Stroock & Stroock & Lavan LLP
Frank A. Merola, Partner Financial Restructuring Group, Stroock & Stroock & Lavan LLP
- Question and Answer Session