Maritime Innovators Swap 53 Members in Latest Shuffle
Published Date: 4/21/2025
Notice
Summary
The Maritime Sustainment and Technology Innovation Consortium (MSTIC) just updated its team by adding 27 new members and saying goodbye to 26 others. This change helps keep their special legal protections against big antitrust lawsuits in place. These updates took effect on April 9, 2025, and affect companies working together on cool maritime tech and defense projects.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Antitrust Recovery Limit Extended
On April 9, 2025, MSTIC filed notifications under the National Cooperative Research and Production Act of 1993 to extend the Act's provisions that limit antitrust plaintiffs to recovering actual damages under specified circumstances. This filing is intended to maintain the Act's liability limitation for parties to the MSTIC venture.
Membership Changes: Additions and Withdrawals
The notice lists membership changes to MSTIC effective April 9, 2025: the consortium added 27 new members and 26 parties withdrew. The Federal Register notice names added parties (for example, Connecticut Center for Advanced Technology, Inc.; Velo3D, Inc.; Hanwha Defense USA, Inc.) and withdrawing parties (for example, Progeny Systems LLC; Redfish Trading LLC; Tapestry Solutions, Inc.).
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