But we could see the Blackstone/Welch-GE alum new CEO split the company Commercial-Military a la Dow/DuPont, GE, United Technologies, etc.

Keep all the private money and profit and executive compensation in the defense side and spin off BCA to become a ward of the state. Might even be able to load up BCA with all the debt and pension obligations for the whole company prior to the split for good measure.