Roll Call: Lawmakers request review of two defense industry acquisitions
Three liberal Democrats pressed the Biden administration in writing on Sunday to “closely scrutinize” a pair of defense industry acquisitions to ensure they don’t worsen “price gouging” on military spare parts.
The letter, obtained by CQ Roll Call, was sent to leaders at the Pentagon, Justice Department and Federal Trade Commission by Sen. Elizabeth Warren of Massachusetts and Reps. John Garamendi of California and Mark Pocan of Wisconsin. Warren and Garamendi are Armed Services Committee members in their respective chambers, and Pocan is an appropriator.
In the letter, the lawmakers urged a hard look at TransDigm Group Inc.’s acquisition of two specialized aerospace parts builders: SEI Industries LTD and Raptor Labs Holdco, LLC.
…
Read the full story here.
By: John M. Donnelly
Source: Roll Call
Next Article Previous Article
