WASHINGTON DC – The U.S. telecommunications industry has lost its ability to manufacture advanced telecommunications products needed by the U.S. military, according to a government committee comprised of the senior-most members of the President’s cabinet.

The U.S. position in the global telecommunications equipment market is “diminishing,” according to the Defense Production Act Committee’s Telecommunications Industrial Capability Study Group.

U.S. manufacturers of telecom equipment have been battered by the consolidation of global carriers, “market-impacting foreign-government policies and low labor costs in foreign markets,” says the committee made up of the top leaders from 17 federal agencies. “As a consequence, U.S. manufacturers face increased competition from overseas vendors and reduced profit margins.”

To read more, click on Manufacturing.Com