OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Senator Warren, Representatives Deluzio, Pocan, Garamendi Urge DoD to Tighten Up the Merger Review Process and Publicly Disclose Merger Risks

Press Release

Date: July 11, 2023
Location: Washington, DC
Issues: Defense

"This transaction would threaten competition and national security, increase prices, reduce innovation, and reduce product quality and create production delays for the defense industrial base. We urge the DoD to carefully review this deal and disclose any identified concerns to the FTC and the Department of Justice (DOJ), and -- consistent with the need to protect national security and other proprietary information -- to the public.

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The proposed merger between L3Harris and Aerojet raises serious anti-competitive concerns in an already consolidated market," the lawmakers wrote. "Waves of merger activity and consolidation have transformed our nation's defense industry from a competitive market with over 50 firms to an oligopoly of five massive rivals."


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