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...
