Senate lawmakers want to review how DOD monitors industry M&A process

By Tony Bertuca / June 16, 2022 at 4:17 PM
The Senate Armed Services Committee has passed a fiscal year 2023 defense authorization bill that requires the Government Accountability Office to conduct a review of the Defense Department's processes for monitoring mergers and acquisitions in the industry, according to a summary of the legislation released today. The requirement follows months of unrest which, according to defense industry insiders, stems from the Federal Trade Commission’s decision to block Lockheed Martin’s proposed $4.4 billion acquisition of Aerojet Rocketdyne and the release of...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.