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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…

Congress

HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics

The House Armed Services Committee (HASC) added several measures to its version of the next defense policy bill seeking more details from the Army on efforts to develop future logistics […]

Congress

McConnell: “Safe To Conclude There Will Not Be A Third Reconciliation Bill”

Two top GOP senators on the Senate Appropriations Committee are opposing a third reconciliation bill. The Trump administration’s total $1.5 trillion fiscal year 2027 defense request is split between $1.15 […]

Congress

HASC’s Final FY ‘27 NDAA Expands Systems Eligible For Multi-Years, Includes LTAMDS, IBCS, ARRW

House defense authorizers added a measure to their version of the next defense policy bill that would expand the list of weapons platforms eligible for multi-year contracts, to include the […]

Congress

HASC Bill Would Allow Air Force To Buy More Than 267 F-15EXs

The House Armed Services Committee’s (HASC) fiscal 2027 defense authorization bill would allow the Air Force to buy more than 267 F-15EX fighters by Boeing [BA] and would extend the […]