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Updating DDTC after Merger or Acquisition

As a reminder, companies who are registered with DDTC are required to notify DDTC of any mergers, acquisition or divestitures of ITAR manufacturing/exporting subsidiaries or affiliate. If the transaction does not involve a sale to a foreign party, DDTC must be notified within 5 days of the sale. Both buyers and sellers are required to notify DDTC of the sale, as all material changes to a registration must be reported to DDTC within 5 days of the change. If there is a proposed sale to a foreign party, the seller must notify the Committee on Foreign Investment in the U.S. (CFIUS) 60 days prior to the proposed transaction for approval.

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