Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

FTC Seeks Additional Info on Lockheed’s $4.4B Deal for Aerojet Rocketdyne

Lockheed Martin (NYSE: LMT) has received from the Federal Trade Commission a second request for additional information as FTC continues to review its proposed acquisition of Aerojet Rocketdyne (NYSE: AJRD).

The latest request extends for another 30 days the waiting period under the Hart-Scott-Rodino Act, Lockheed said Friday.

In December, Lockheed signed a $4.4 billion deal to acquire Aerojet as part of a push to expand its capabilities in the areas of integrated air and missile defense and tactical missiles, hypersonics and space exploration.

James Taiclet, president and CEO of Lockheed and a 2021 Wash100 Award winner, said the transaction would bring in propulsion systems for potential integration with Lockheed-made rocket and missile offerings and offer more capability to federal customers, including the Department of Defense and NASA.

Lockheed issued a statement in response to the latest request saying it is working with the FTC as the commission assesses the deal and continues to expect to close the transaction in the second half of 2021.

“The acquisition of Aerojet Rocketdyne will enhance Lockheed Martin’s ability to develop and supply advanced products in support of national security and civil space objectives,” the Bethesda, Maryland-based defense contractor added.

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles