The Federal Trade Commission formally made a second request for information last month as it evaluates antitrust concerns associated with L3Harris acquiring one of only two major suppliers of solid rocket motors for the Pentagon.
"Not only is the government skeptical of ongoing consolidation, it is not happy with the execution of those promises made in the past," writes Bill Greenwalt of AEI.
Knowing when to build on commercial systems and when to develop something new can be the difference between parity and information dominance.
Lockheed's decision could leave Aerojet looking for another buyer as it tries to manage an internal struggle between executives.
“The near-term future of Aerojet depends on which faction within the company succeeds in asserting control,” said defense consultant Loren Thompson. But ultimately, he added, the long-term future of the company will be contingent on finding a new buyer “with big pockets."
"We cannot afford to allow further concentration in markets critical to our national security and defense," an FTC official said.
WASHINGTON: The Federal Trade Commission appears to be investigating whether Northrop Grumman acted in restraint of trade and violated an order requiring the company to sell its solid motor rocket engines on “a non-discriminatory basis to all competitors for missile contracts.” Northrop disclosed the investigation today in its quarterly report: “In October 2019, the company received […]
Why edge and endpoint security can’t be an afterthought.
The Department of Justice just told the Department of Defense to back off, and DoD did. It’s a rare public confrontation between two major government departments, especially over a subject as politically volatile as mergers and acquisitions, where the Pentagon had wanted more authority in a process Justice and the Federal Trade Commission currently control — […]