CORRECTED-Solid rocket industry needs rationalization-Pentagon

(In July 19 item, corrects headline and first paragraph to
reflect comments by official to say… needs rationalization…
not… needs consolidation… as previously sent)

FARNBOROUGH, England, July 19 (BestGrowthStock) – The U.S. solid
rocket motor industry is “over capacity” and needs
rationalization, 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.”
Investing Research

(Editing by Dan Lalor; Reuters Farnborough Media Centre +44
1252-418188)

CORRECTED-Solid rocket industry needs rationalization-Pentagon