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Business/Financial

Sen. Warren Introduces Antitrust Bill She Says Would Have Prohibited Lockheed-Aerojet Deal

By Cal Biesecker

Thursday, March 17th, 2022

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Sen. Warren Introduces Antitrust Bill She Says Would Have Prohibited Lockheed-Aerojet Deal

Sen. Elizabeth Warren (D-Mass.)

Sen. Elizabeth Warren (D-Mass.) on Wednesday introduced legislation aimed at stopping large, anticompetitive mergers that would also give antitrust regulators more authorities to stop deals without going to court. Warren said the Prohibiting Anticompetitive Mergers Act of 2022 (S. 3847) would have prohibited Lockheed Martin's [LMT] proposed $4.4 billion acquisition of rocket maker Aerojet Rocketdyne [AJRD], which was ultimately blocked by the Federal Trade Commission (FTC) due to anticompetitive concerns. The bill was introduced in the House by Rep. Mondaire…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]