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Business/Financial

Garamendi, Warren Ask DoD For Clarity On Defense Mergers And Acquisitions

By Cal Biesecker

Monday, February 26th, 2024

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Garamendi, Warren Ask DoD For Clarity On Defense Mergers And Acquisitions

Sen. Elizabeth Warren (D-Mass.)

Concerned about over consolidation of the defense industrial base (DIB), a pair of Democratic House and Senate members last week asked the Defense Department a series of questions about the health of the DIB, long-term reviews it does of mergers and acquisitions, and whether it sought assurances from L3Harris Technologies [LHX] that its acquisition of Aerojet Rocketdyne would benefit the industrial base. Rep. John Garamendi (Calif.) and Sen. Elizabeth Warren (Mass.) wrote in their Feb. 23 letter to Defense Secretary…

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