Lockheed opposes Northrop bid to remove firewall on solid rocket motor business
Northrop argues that a 2018 consent order is hampering its ability to ramp up solid rocket motor production needed for critical munitions.
L3Harris to reply to FTC’s second request on Aerojet deal around June, CEO says
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.
On-demand webinar: Research security in an era of global competition
Watch experts discuss foreign influence risks, evolving DoD policy, and strategies for balancing security with scientific collaboration.
FTC activism and Ukraine signal a new era for the US defense industrial base
"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.
Lockheed Martin walks away from $4.4B Aerojet Rocketdyne acquisition
Lockheed's decision could leave Aerojet looking for another buyer as it tries to manage an internal struggle between executives.
With Lockheed deal in doubt, Aerojet faces internal crisis
“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."
Lockheed-Aerojet merger on life support, facing FTC lawsuit
"We cannot afford to allow further concentration in markets critical to our national security and defense," an FTC official said.
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MQ-9B and Gambit Series: Advancing European Defense Capabilities
GA-ASI will build Gambit aircraft in Europe, partnered with European-based companies, with airframes available for international procurement starting in 2027.
FTC Investigates Northrop: GBSD?
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 […]
Justice Department To Pentagon On Mergers: Back Off
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 — […]