Sign In
Search
Business/Financial

Justice Department, FTC Issue Statement Justifying Close Watch On Defense Industry Consolidation

Dan Parsons By
SHARE:
Justice Department, FTC Issue Statement Justifying Close Watch On Defense Industry Consolidation
Norway's first F-35A, called AM-1, is in production at the Lockheed Martin Fort Worth, Texas assembly plant. Photo: Lockheed Martin.

The Department of Justice and the Federal Trade Commission (FTC) have issued a joint statement explaining the need to police mergers of defense firms to preserve competition and ensure the military and taxpayers are getting the best deals on weapons.Both departments perform watchdog duties for mergers and acquisitions in all industries, but take particular care in overseeing defense industry consolidations.“Competition is the essential ingredient that leads to high-quality products at lower prices,” said Chairwoman Edith Ramirez of the Federal Trade…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Defense Watch

Defense Watch: Golden Dome, GD Summit, Space Names, DoD AI

Army

Army Places $433.2 Million Order With Sikorsky For 24 More Black Hawks

Army

Lawmakers Seek To Fence Off Half Of NGC2 Funding Until Army Provides More Details

International

L3Harris Delivers First Production Meadowlands Satellite Jammer To Space Force

Trending

GD Has Delivered First M1E3 Abrams Tank Prototype, Army Chief Says
House Passes $900.6 Billion FY ‘26 NDAA, Bill Now Heads To Senate
Lawmakers Back New Army Multi-Year Deal For Black Hawks In Final FY ’26 NDAA
Vatn Systems Raises $60 Million To Scale Undersea Vessel Development And Manufacturing
Space Development Agency Expects To Resume Tranche 1 Launches In Early 2026

Contract Updates

Southeastern Kentucky Rehabilitation Industries (Corbin, Kentucky) – $14,312,903

Southeastern Kentucky Rehabilitation Industries,** Corbin, Kentucky, has been awarded a maximum $14,312,903 modification (P00008) to a five-year contract (SPE1C1-24-D-N017) with no option periods adding various boonie covers via conversion. This is a firm-fixed-price, indefinite-quantity contract. The ordering period end date…

Teradyne Inc. (North Reading, Massachusetts) – $16,723,189

Teradyne Inc., North Reading, Massachusetts, has been awarded a maximum $16,723,189 firm-fixed-price contract for circuit card assemblies. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in Federal Acquisition Regulation 6.302-1. This is a one-year…

Ham Produce and Seafood Inc. (Honolulu, Hawaii) – $26,250,000

Ham Produce and Seafood Inc.,* Honolulu, Hawaii, has been awarded a maximum $26,250,000 fixed-price with economic-price-adjustment, indefinite-delivery contract for fresh fruits and vegetables. This was a competitive acquisition with three responses received. This is a five-year contract with no option…

Longbow LLC (Orlando, Florida) – $11,203,243

Longbow LLC, Orlando, Florida, was awarded an $11,203,243 modification (P00017) to contract W58RGZ-22-C-0053 for sustainment of the Apache AH-64D/E Model Fire Control Radar, including depot-level and supply support elements and program management functions. The modification brings the total cumulative face…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume