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Warren to FTC: Block L3Harris-Aerojet deal, undo Northrop-Orbital ATK
Sen. Elizabeth Warren is asking federal regulators to oppose one defense merger and unwind another.
By Joe Gould
Latest "aerojet rocketdyne" stories
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Amid hiring boom, defense firms say labor shortage is dragging them down
Labor shortfalls rooted in the lingering effects of the COVID-19 pandemic remain a millstone around the neck of the defense industry, forcing firms to juggle staff, hold job fairs and find workarounds to keep operations running as smoothly as possible.
Pentagon worried about mergers, especially among hypersonic weapons suppliers
The report from DoD’s acquisition and sustainment office, which says broadly that consolidation poses a national security risk, marks the strongest U.S. government objection to merger and acquisition activity since the defense secretary in 2015 discouraged deals among the largest prime contractors.
By Joe Gould
Federal Trade Commission alleges Lockheed had tried to limit competition before Aerojet deal
The Federal Trade Commission's complaint, released Wednesday, is heavily redacted but argues the proposed purchase of Aerojet Rocketdyne would hurt rival defense contractors in ways that would significantly reduce competition in multiple markets.
By Joe Gould
13 US lawmakers back Lockheed-Aerojet merger in new letter
A bipartisan group of 13 lawmakers wrote to the Pentagon in support Lockheed Martin’s proposed $4.4 billon acquisition of rocket maker Aerojet Rocketdyne.
By Joe Gould