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US: Regulators vow to preserve competition among defense contractors

By  |  April 13, 2016

The two US agencies that enforce antitrust law said on Tuesday they were committed to preserving competition among weapons makers and noted that some sectors already had too few competitors.

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    The Justice Department and Federal Trade Commission, which are facing a wave of mergers, said in a joint statement it was important to retain a sufficient number of competitors to supply the military in order to restrain price increases and ensure companies continue to innovate.

    “In light of recent speculation about possible future consolidation, we thought it timely to reinforce that message,” said Bill Baer, head of the department’s Antitrust Division who is slated to become the department’s associate attorney general.

    Full Content: Reuters

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