Lawmakers Urge DOD to Play Larger Role in Scrutinizing Mergers
February 27, 2024
Briana Reilly
Roll Call
Lawmakers Urge DOD to Play Larger Role in Scrutinizing Mergers
February 27, 2024
Briana Reilly
Roll Call
Sen. Elizabeth Warren and Rep. John Garamendi want the Pentagon to step up its scrutiny of defense mergers. (Bill Clark/CQ Roll Call file photo)
By Briana Reilly, Roll Call / February 26, 2024
Two Democratic lawmakers are pushing the Pentagon to take a more in-depth approach to reviewing potential defense business mergers as the number of military contractors dwindles.
Demanding “robust oversight” from the Defense Department when it comes to those deals, Sen. Elizabeth Warren of Massachusetts and Rep. John Garamendi of California, both members of their chambers’ respective Armed Services committees, lamented what they called officials’ “insufficient review” of defense industrial base consolidation.
“With rampant consolidation that affects supply chains, prices, and security, DoD must conduct more thorough and transparent assessments of [mergers and acquisitions] in the defense space,” they wrote in a Friday letter to Defense Secretary Lloyd J. Austin III.
Read the rest of the article here: https://rollcall.com/2024/02/26/lawmakers-urge-dod-to-play-larger-role-in-scrutinizing-mergers/#:~:text=%E2%80%9CWith%20rampant%20consolidation%20that%20affects,Secretary%20Lloyd%20J.%20Austin%20III.
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