Lockheed Martin Corporation (NYSE: LMT) has terminated their agreement to acquire Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD). The decision to terminate the agreement follows the U.S. Federal Trade Commission‘s (FTC) lawsuit filed late last month seeking a preliminary injunction to block the acquisition. “Our planned acquisition of Aerojet Rocketdyne would have benefitted the entire industry […]
FTC
FCC Blocks Lockheed Martin’s Acquisition Of Aerojet Rocketdyne
The Federal Trade Commission has sued to block Lockheed Martin Corporation’s $4.4 billion proposed vertical acquisition of Aerojet Rocketdyne Holdings Inc., the last, independent, U.S. supplier of missile propulsion systems. Aerojet supplies advanced power, propulsion, and armament systems, which are critical components for the missiles made by Lockheed and other defense prime contractors. The agency’s […]