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Business/Financial

With Eye On Lockheed Martin Deal For Rocket Supplier, FTC Chair Concerned About Competition

By Cal Biesecker

Friday, August 13th, 2021

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With Eye On Lockheed Martin Deal For Rocket Supplier, FTC Chair Concerned About Competition

Sen. Elizabeth Warren (D-Mass.)

Responding to a July letter from Sen. Elizabeth Warren (D-Mass.) that large defense contractors acquiring their key suppliers is eliminating competition, a top U.S. regulator replied this month that putting firewalls in place so that acquired companies can continue to serve as suppliers to other contractors frequently doesn’t work. Warren’s letter was driven by concerns that the pending acquisition by Lockheed Martin [LMT] of Aerojet Rocketdyne [AJRD], one of two U.S. suppliers of solid rocket motors, would eliminate the last…

Budget

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Congress

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Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

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Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]