DOJ Acts to Stop Satcom Antenna Company Acquisition
Communications and Power Industries shouldn't be allowed to buy General Dynamics' Satcom Technologies subsidiary until CPI sells its ASC Signal Division subsidiary, or CPI could end up with too tight a grip on the commercial and military geostationary orbit satellite…
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antenna marketplace, said a DOJ Antitrust Division Clayton Act complaint (docket 20-cv-01416 ) filed Thursday with U.S. District Court for the District of Columbia. It said minus the CPI/GD Satcom competition, DOJ and commercial satcom customers would likely face higher prices, lower quality and diminished innovation. The lawsuit targets General Dynamics, CPI and owner Odyssey Investment Partners. In an accompanying proposed final judgment, DOJ said it and the defendants agreed to CPI selling all ASC Signal assets within 60 days of the court's order or 30 days after regulatory approvals are received.