U.S. Senator Elizabeth Warren, who has expressed concern about a broad range of corporate consolidation, wrote to the U.S. Federal Trade Commission to urge it to oppose U.S. defense contractor L3Harris Technologies' deal to buy Aerojet Rocketdyne Holdings Inc , her office said.
Warren said in her letter dated Jan. 26 "This deal between Aerojet and L3Harris would reduce competition in the shrinking defense industry to a new low, and I encourage the FTC to oppose this dangerous transaction."
The letter was addressed to FTC Chair Lina Khan and Commissioners Alvaro Bedoya and Rebecca Slaughter. All are Democrats. Rocket motors like those made by Aerojet are used in everything from the homeland defensive missile system to Stinger missiles. Aerojet develops and manufactures liquid and solid rocket propulsion, air-breathing hypersonic engines and electric power and propulsion for space, defense, civil and commercial applications. Its customers include the Pentagon, NASA, Boeing BA.N, Lockheed Martin, Raytheon and the United Launch Alliance.
Reporting by Diane Bartz additional reporting by Mike Stone in Washington, DC; Editing by Mark Porter and Angus MacSwanFocused on U.S. antitrust as well as corporate regulation and legislation, with experience involving covering war in Bosnia, elections in Mexico and Nicaragua, as well as stories from Brazil, Chile, Cuba, El Salvador, Nigeria and Peru.
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