Carlyle CEO Sees Unlimited Defense Investment Potential
Chief Executive Harvey Schwartz says Carlyle sees limitless opportunities in the defense sector as global military spending continues to rise. The firm has established a dedicated unit to target aerospace and industrial deals worth between $200 million and $300 million.
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CARLYLE GROUP INC/THE CEO Harvey Schwartz says the addressable market for the firm's new defense unit is unlimited as global military budgets rise. Global military expenditure is projected to reach $2.89 trillion in 2025, the highest share of global GDP since 2009. The strategy targets $200 million to $300 million deals to capture accelerating government spending worldwide.
