Why Biden’s Competition Order Bolsters The Case For A Lockheed-Aerojet Merger [Forbes]
Aerojet Rocketdyne Holdings, Inc. (AJRD)
Last aerojet rocketdyne holdings, inc. earnings: 2/19 04:11 pm
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Source: Forbes
President Biden’s executive order launching a whole-of-government campaign to promote competition in the U.S. economy is long overdue.Enforcement of antitrust measures has become so lax that virtually every big merger wins federal approval, even when the resulting combination will likely dominate a critical industry.However, if you think that the Biden competition order is a blanket proscription of corporate mergers, then you probably haven’t read the document.The goal isn’t to impede market forces, it is to assure that they function as intended in delivering high quality and low prices through vigorous competition.A Trident II (D5) ballistic missile launches from a submarine. Large solid-fuel rocket motors for... [+]all three stages are built by Aerojet's rival, the legacy Orbital unit of Northrop Grumman.WikipediaThere are some sectors of the nation’s industrial economy where mergers may be the most expeditious way of assuring competition continues, rather than giving way to monopol
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