General Electric (NYSE: GE), L3Harris Technologies (NYSE: LHX), Textron (NYSE: TXT) and Veritas Capital are among the companies that have expressed interest in acquiring Aerojet Rocketdyne , which has an estimated market valuation of $4 billion, Reuters reported Wednesday.
Citing unnamed sources, Reuters noted the El Segundo, California-based rocket propulsion maker has initiated a process to put itself up for sale and could sign a deal by the end of December if negotiations go smoothly.
In February, Lockheed Martin (NYSE: LMT) decided to drop a $4.4 billion deal to buy Aerojet after the Federal Trade Commission filed an antitrust lawsuit to block the planned merger citing the proposed transaction’s impact on competition.
One of the people familiar with the matter said none of the potential Aerojet acquirers are direct competitors and raise any antitrust issue that could thwart a potential deal.
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