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The Defense Department faces limitations in its insight into defense mergers and acquisitions (M&A) despite its concerns that industrial base consolidation can decrease competition and reduce resiliency in the supply chain, a government auditing agency reported this week. Federal M&A reviews are conducted by the Department of Justice or Federal Trade Commission (FTC)—which also have sole enforcement authorities—and these agencies may seek DoD input if defense is involved. DoD can also initiate its own research and provide results to the…
