(Bloomberg) — “We are withdrawing our legislative proposal,” Pentagon spokesman Mark Wright says in statement.
- NOTE: Pentagon step follows Justice Dept-FTC statement reiterating Pentagon “is in a unique position to assess impact of potential defense industry consolidation on its ability to fulfill its mission”
- DOJ-FTC say current review guidelines “sufficiently flexible to address DOD concerns” that further consolidations can affect national security
- Pentagon said it “welcomed” statement
- NOTE: Pentagon weapons buyer Frank Kendall had said proposed legislation expanded criteria for domestic merger reviews to include greater assessment of national security impact
- Proposal was under review by other agencies
- Kendall in late February told reporters he wasn’t sure proposal would pass Congress this year, “but I do want to move that forward”
- Proposal would not have changed inter-agency process for reviewing mergers of U.S. and foreign companies, Wright says