WASHINGTON: The dominant issue of tomorrow’s markup and the later amendment votes will not be the size of the Navy fleet, the future of the F-35, Tricare for life, or America’s strategic relationship with China. Sexual assault in the military, the hot-button issue currently leading the headlines, will dominate floor time when the defense policy… Keep reading →
Paris and Berlin are in a bind as British-based BAE and Franco-German giant EADs, the parent company of Airbus, seek approval to merge into the world’s largest aerospace company.
If the French and German governments accept the companies’ current merger terms, their ability to influence the new tri-national behemoth will be sharply diminished and they will possess less power to protect their citizens’ job. If they demand greater influence, however, they may scupper the deal altogether, because both investors and the US government are leery of Franco-German meddling. Keep reading →
Paris: Any time one American defense company buys another it can trigger government review for a host of reasons, from antitrust to security concerns.
When an American company financed by a foreign entity tries to buy another American company it triggers review by the Committee on Foreign Investment in the United States (CFIUS). It is an obscure but powerful body charged with monitoring the national security implications of the purchase by foreigners of any American company. For example, purchase of a phone company might well trigger a review even though they are not directly involved in military matters. Keep reading →