Lord said she has implemented new processes to assess mergers and acquisitions and in the event of a merger deal, her division works with service branches to understand œwhat business they have with each of the two companies and whether they see any problems with limiting competition where they™re just two of them.
œThen we partner with either the Department of Justice or the Federal Trade Commission to step through and see if there are any issues. We™re working through that process right now, Lord said about the Raytheon-UTC deal.
Raytheon and UTC agreed to merge in June through an all-stock transaction to form a platform-agnostic technology provider in the defense and aerospace segments. The deal is expected to close in the first half of 2020.
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The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
