The National Armaments Consortium (NAC) has informed the Attorney General and the Federal Trade Commission about changes in its membership as required by the National Cooperative Research and Production Act of 1993. Several new organizations, such as Acutronic USA Inc. and L3Harris Technologies Power Paragon, Inc., have joined the consortium, while others, including AAI Corporation Inc. and Optimax Systems, Inc., have left. Membership in the consortium remains open, and the NAC continues to update its membership details regularly as per legal requirements. The last notification was filed on October 9, 2020, and announced in the Federal Register on October 30, 2020.
Simple Explanation
The National Armaments Consortium (NAC) is a group of companies that work together on big projects. Recently, some new companies joined, and some left. They have to tell the government about these changes, but the rules about how and why this happens are a bit confusing.