This text focuses on the challenges that defence-related firms face in enhancing their financial well-being and Department of Defense faces in maintaining affordable national security in the post-Cold War era. It explores the conditions they face, both currently and in the future they foresee, as well as the corporate strategies and public policies that each develops in response to these conditions and visions. The contributors to this book describe these corporate strategies and public policies, assess their respective strengths and weaknesses, and where appropriate, endorse them or recommend alternatives. Finally, senior executives from ten small and large defence-related firms recount their experiences in diversifying successfully into commercial markets and the challenges they met or still face in planning and implementing their strategies effectively.