(Jim Watson and Nova Safo/AFP)The morning after manufacturers Raytheon and United Technologies announced a blockbuster merger that would create a giant in the aerospace and defense sectors, President Trump said he was “a little bit concerned” about the deal’s anti-competitive potential. “I’m a little bit concerned about United Technologies and Raytheon,” the president told the television network CNBC. The Defense Department will have to sign off on the deal before it can be finalized. And they repeatedly said that Raytheon and United Technologies do not compete with each other. to provide the best capabilities our warfighters deserve, at the greatest value to the taxpayer.”For years, Defense Department procurement officials have raised concerns that mergers and acquisitions in the defense sector could hurt competition.

Source: Washington Post June 10, 2019 16:18 UTC