In 2007, the federal government blocked just one of 54 domestic industry merger and acquisition deals involving companies that do business with the Pentagon while allowing all 39 proposed acquisitions of U.S. firms by foreign companies, according to a new Defense Department report. The federal government blocked just one of 54 private-sector mergers and acquisitions of companies that did business with the Defense Department in 2007, raising no objection to the vast majority of deals worth more than $108 billion...
