The Defense Department, following Lockheed Martin's government-pushed termination of a $4.4 billion bid to acquire Aerojet Rocketdyne, is now pledging to combat "extreme consolidation" in the defense industrial base and bring new scrutiny to potential contractor mergers and acquisitions. A new DOD report released today says the department recognizes it has an “historically consolidated” defense industrial base and plans to enforce greater competition in several ways, including by increasing reviews of company M&A activity and seeking new DIB entrants, preferably...
