15 Aug 2025
🌊Antitrust Notice on Undersea Technology Innovation Consortium Updates
Notice Pursuant to the National Cooperative Research and Production Act of 1993-Undersea Technology Innovation Consortium
Summary
The Department of Justice announces updates regarding the Undersea Technology Innovation Consortium's membership changes. The new members include several technology companies, while one member has withdrawn. UTIC aims to continue complying with antitrust provisions, which helps stabilize conditions for cooperative research and development activities among the members.
Agencies
- Justice Department
- Antitrust Division
Business Impact
$$ - Med
The notice about the Undersea Technology Innovation Consortium updates membership and aims to maintain the provisions of the National Cooperative Research and Production Act, which could mitigate antitrust risks for businesses involved. This may encourage collaboration among industry players, beneficial for innovation and competitive activities.