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Business/Financial

No Consent Decree Required For FTC Approval Of Aerojet Deal, L3Harris’ Kubasik Says

By Cal Biesecker

Thursday, July 27th, 2023

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No Consent Decree Required For FTC Approval Of Aerojet Deal, L3Harris’ Kubasik Says

Christopher "Chris" Kubasik, chairman and CEO of L3Harris Technologies. Photo: L3Harris

The federal government did not require L3Harris Technologies [LHX] to negotiate a consent agreement to ensure it would be an unbiased supplier of tactical missile motors and rocket engines before closing its acquisition of Aerojet Rocketdyne [AJRD] but the company did assure the Department of Defense it will remain a merchant supplier of these products to any potential eligible customer, Christopher Kubasik, chairman and CEO of L3Harris, said on Thursday. The $4.7 billion acquisition is expected to close as early…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]