Senate lawmakers seek review of Pentagon's new M&A posture

By Tony Bertuca / July 21, 2022 at 3:18 PM
The Senate Armed Services Committee wants the Government Accountability Office to review the Pentagon's process for considering defense industry mergers and acquisitions, a topic that has become especially controversial in recent months following the government's blocking of Lockheed Martin's proposed $4.4 billion acquisition of Aerojet Rocketdyne. The committee, in a report accompanying its version of the fiscal year 2023 defense authorization bill, says it wants GAO to brief lawmakers on the matter no later than March 1, 2023, and submit...

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