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The chairman of the Senate Armed Services Committee is hopeful President Biden’s nominee to lead the Pentagon’s policy shop will get a “fair shot” after Republican opposition to the pick emerged.
With limited time, DoD to review five key investments for next budget February 24
The Pentagon is reviewing its shipbuilding portfolio, among other efforts. (Cpl. Ryan G. Coleman/U.S. Marine Corps) WASHINGTON With limited bandwidth before the Biden administration’s first budget is due, Pentagon planners are diving deep into shaping five key modernization efforts. According to a memo from Deputy Defense Secretary Kathleen Hicks, first published by Politico, the Biden team “will focus on a very small number of issues with direct impact on FY 2022” in the few weeks it has to impact the next budget, which is expected to be released in early May.
Antitrust Regulators Extend Review of Lockheed’s Proposed Purchase of Aerojet Rocketdyne
The announcement comes the day after Raytheon’s CEO said his firm would challenge the deal.
U.S. antitrust regulators have extended their inquiry of Lockheed Martin’s planned acquisition of Aerojet Rocketdyne requesting the companies provide additional information about the deal.
The customary 30-day antitrust review process was supposed to end at midnight Thursday, but will be extended 30 additional days from when the companies respond to the Federal Trade Commission request, Lockheed and Aerojet said in separate Friday morning statements. Lockheed said the “second request” from the Federal Trade Commission was expected.
China is an obvious competitor in the 21st century, but does it make sense to build a military to fight to and beyond the shores of the Asian mainland?