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Congress

Pair Of Democrats Want DoD To Review Impacts Of Northrop Grumman Purchase Of Orbital ATK

By Cal Biesecker

Thursday, June 9th, 2022

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Pair Of Democrats Want DoD To Review Impacts Of Northrop Grumman Purchase Of Orbital ATK

Rep. John Garamendi (D-Calif.), chairman of the House Armed Services Subcommittee on Readiness. (Photo: Rep. John Garamendi)

In the wake of the Federal Trade Commission’s (FTC) rejection earlier this year of Lockheed Martin’s [LMT] proposed acquisition Aerojet Rocketdyne [AJRD] on grounds that it would reduce competition for missile propulsion technology, two House Democrats on Thursday asked the Department of Defense to scrutinize competitive impacts from the 2018 acquisition by Northrop Grumman [NOC] of Orbital ATK, which competes with Aerojet on missile and rocket motors. Citing FTC concerns from 2018 that Northrop’s acquisition of Orbital ATK could limit…

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