what we do
Industrial Policy’s M&A program plays a critical role in shaping the increasingly global, commercial, and financially complex industrial supply chain essential to the U.S. national defense. Industrial Policy leads the M&A review process that assess the impacts of proposed business combinations on the Office of the Secretary of Defense, the Military Departments, the Office of the Chairman of the Joint Chiefs of Staff and the Joint Staff, the Combatant Commands, the Office of the Inspector General of the Department of Defense (DoD), the Defense Agencies, the DoD Field Activities, and all other DoD organizational entities (referred to collectively as the “DoD Components”). Serving as the principal advisor to the Under Secretary of Defense for Acquisition and Sustainment for all matters related to M&A, joint ventures, and divestitures, Industrial Policy ensures the Department’s interests are protected.
The Department’s current policy is to conduct assessments of proposed business combinations on a case-by-case basis and to support the anti-trust agencies in their investigations. DoD generally opposes mergers that overly reduce or eliminate competition, limit innovation, raise credible threats to national security, and are not in the Department’s best interests.