The Defense Department says it will carefully scrutinize any defense industry M&A activity...

|By:, SA News Editor

The Defense Department says it will carefully scrutinize any defense industry M&A activity and is not likely to approve any merger between top contractors. Lockheed Martin (LMT +0.9%) was the DoD’s top FY2009 contractor, at nearly $18B. The next five largest players: BA +0.3%, NOC +0.9%, GD -0.1%, RTN -0.5%, UTX +0.1%.