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Business/Financial

Sen. Warren Asks FTC To Review Defense Mergers To Maintain Competition

By Cal Biesecker

Tuesday, July 20th, 2021

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Sen. Warren Asks FTC To Review Defense Mergers To Maintain Competition

Sen. Elizabeth Warren (D-Mass.)

Concerned that large defense companies purchasing key suppliers is leading to monopolies and stifling competition, Sen. Elizabeth Warren (D-Mass.) last week asked the Federal Trade Commission (FTC) to review the best ways to maintain competition when these types of deals are proposed, including prohibiting the transactions. Warren, a member of the Senate Armed Services Committee, sent the letter on July 16 and released it on her website on July 20. Specifically, Warren singled out the 2018 acquisition by Northrop Grumman…

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