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Business/Financial

Aerojet Rocketdyne Shareholders Approve Deal With Lockheed Martin

By Cal Biesecker

Wednesday, March 10th, 2021

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Aerojet Rocketdyne Shareholders Approve Deal With Lockheed Martin

Guided Multiple Launch Rocket Systems (GMLRS) Unitary Rocket Launch. Aerojet Rocketdyne produces the solid propellant rocket motor for the system. Photo: Lockheed Martin.

Aerojet Rocketdyne [AJRD] said Tuesday evening that its stockholders have approved the $4.4 billion sale of the company to Lockheed Martin [LMT], clearing a hurdle on the deal that is still expected to close in the second half of 2021. The transaction still needs federal antitrust approval. The pending deal is getting scrutinized by the federal government. In February, Lockheed Martin said the Federal Trade Commission had requested additional information about the acquisition as part of the regulatory review. Aerojet…

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