Sign In
Search
Business/Financial

With Eye On Lockheed Martin Deal For Rocket Supplier, FTC Chair Concerned About Competition

Cal Biesecker By
SHARE:
With Eye On Lockheed Martin Deal For Rocket Supplier, FTC Chair Concerned About Competition
Sen. Elizabeth Warren (D-Mass.)

Responding to a July letter from Sen. Elizabeth Warren (D-Mass.) that large defense contractors acquiring their key suppliers is eliminating competition, a top U.S. regulator replied this month that putting firewalls in place so that acquired companies can continue to serve as suppliers to other contractors frequently doesn’t work. Warren’s letter was driven by concerns that the pending acquisition by Lockheed Martin [LMT] of Aerojet Rocketdyne [AJRD], one of two U.S. suppliers of solid rocket motors, would eliminate the last…

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

Business/Financial

Davie Defense Completes Acquisition Of Texas-Based Shipyards

Business/Financial

AeroVironment Swings To Loss In Second Quarter As Sales Soar

Business/Financial

Saronic Invests $300 Million To Add Production Capacity To Louisiana Shipyard

Business/Financial

FTC Requires Boeing To Divest Certain Spirit Assets To Win Deal Approval

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
Space Development Agency Expects To Resume Tranche 1 Launches In Early 2026
U.S. Space Force Considering Upgrades for Three Electromagnetic Warfare Systems

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