Daryl Guberman, CEO of Connecticut-based G-PMC, asked the FTC to investigate whether the aerospace giant Lockheed Martin violated antitrust laws and possibly engaged in espionage by colluding with China-led International Accreditation Forum and Wisconsin-based ANSI-ASQ National Accreditation Board.
Guberman and MFG partners president Don LaBelle have submitted complaints to the FTC’s Bureau of Competition claiming that Lockheed Martin is restraining competition by only accepting a single accreditation body group for its suppliers certified to the AS9100 standard. Guberman said Lockheed Martin’s leadership will only recognize certificates of suppliers and prospective suppliers with certification bodies recognized by the Chinese led International Accreditation Forum.
“Lockheed Martin has monopoly power in the aerospace industry and it’s possibly using that dominance to coerce its suppliers to pay ANAB and IAF accreditation and membership fees without an option for an alternative source,” said LaBelle. He concluded, “Anti-competitive practices have a negative effect on the economy, pricing, and quality because of limited options for the buyer, and therefore, the Federal Trade Commission needs to investigate if Lockheed Martin is engaging in anti-competitive business practices, and whether or not the aerospace conglomerate is aware of the widely unknown collaboration between IAF and ANAB and it’s leadership connection, especially the China-led International Accreditation Forum.”
Full Content: EPR News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI