Categories: Financial Scams

FTC Seeks Public Comment on Petition to Modify Northrop Grumman Final Order

The Federal Trade Commission is seeking public comment on a petition filed by Northrop Grumman Corporation requesting that the Commission reopen and set aside a final consent order involving Northrop Grumman’s 2018 acquisition of aerospace and defense contractor Orbital ATK.

The final consent order, issued in December 2018, resolves FTC allegations that Northrop Grumman’s acquisition of Orbital ATK was anticompetitive. The final consent order requires Northrop Grumman to supply solid rocket motors, or SRMs, to competitors on a non-discriminatory basis.

The final consent order also imposes information protection obligations requiring Northrop Grumman to separate the operation of its SRM business from the rest of the company’s operations with a firewall. The order also allows the Department of War to appoint a compliance officer to oversee Northrop Grumman’s compliance with the order and related reporting requirements.

The petition contends that the order is no longer necessary to preserve competition and keeping it in place is not in the public interest.

The public will have 30 days, until May 4, 2026, to submit comments on the petition to set aside the consent order. Instructions for filing comments appear on Regulations.gov. Once processed, they will be posted on Regulations.gov. After the comment period closes, the Commission will vote to determine how to resolve the petition.


Source link
ScamBuzz

Recent Posts

SECP cracks down on Ponzi, Pyramid investment schemes – Investify

SECP cracks down on Ponzi, Pyramid investment schemes  Investify Source link

37 minutes ago

New Hampshire officials warn of rise in cryptocurrency ATM scams – Boston 25 News

New Hampshire officials warn of rise in cryptocurrency ATM scams  Boston 25 News Source link

54 minutes ago

Tech support scammers stole $85,000 from him. His bank declined to refund him – The Seattle Times

Tech support scammers stole $85,000 from him. His bank declined to refund him  The Seattle Times…

58 minutes ago

North Texas aviation panel highlights air taxis, drone deliveries and workforce needs as industry enters new era – Avi-Go

North Texas aviation panel highlights air taxis, drone deliveries and workforce needs as industry enters…

1 hour ago

SECP notifies regulations to prohibit Ponzi, pyramid schemes – Business Recorder

SECP notifies regulations to prohibit Ponzi, pyramid schemes  Business Recorder Source link

2 hours ago

Call Center Fraud: Investigation lands in Pejton neighborhood (View) – Gazeta Express

Call Center Fraud: Investigation lands in Pejton neighborhood (View)  Gazeta Express Source link

2 hours ago