A panel of defense industry insiders this week downplayed the recent statement from the Justice Department and the Federal Trade Commission related to industry consolidation. Earlier this month, the two agencies released a joint statement reaffirming that existing policy on industry consolidation is "sufficiently flexible." The statement came after Frank Kendall, the Pentagon's acquisition chief, called for greater Pentagon authority to review proposed mergers following Lockheed Martin's acquisition of Sikorsky. Stan Soloway, a former Pentagon official who until recently led...
