FTC Intervenes In Defense Contractor Merger

Law360 (January 2, 2007, 12:00 AM EST) -- The Federal Trade Commission has approved General Dynamics Corp.’s $275 million purchase of SNC Technologies Inc., though it also forced the defense contractor to sell its 50% stake in American Ordnance LLC.

In a complaint that was filed Thursday along with a consent order, the FTC said the deal as originally proposed would have brought together two of the three competitors that provide the U.S. military with melt-pour load, assemble and pack (LAP) services, which are used in the manufacture of mortar and artillery ammunition....
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