UPDATED: Adds Air Force, Aboulafia, Callan, And Northrop Grumman Comments WASHINGTON: To no one’s surprise, the Boeing-Lockheed team has filed a formal protest against the award to Northrop Grumman of the $80 billion Long Range Strike Bomber contract. Industry sources had been talking of strategies to prosecute or defend against a protest for at least… 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 →