Sen. Warren Wants Close FTC Review Of $4B Lockheed Deal

Law360 (July 20, 2021, 6:45 PM EDT) -- Sen. Elizabeth Warren has sent a letter to the Federal Trade Commission raising questions about the past handling of mergers in the defense sector as enforcers review Lockheed Martin's planned $4.4 billion acquisition of Aerojet Rocketdyne.

Warren, D-Mass., said Tuesday she sent a letter to FTC Chair Lina Khan urging the agency to take a hard look at how enforcers have handled similar deals in the defense industry, referring to vertical transactions that involve companies at different points in the supply chain rather than direct competitors.

The commission is currently reviewing Lockheed's deal for Aerojet and requested more information about it...

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