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After FTC Rejects Deal For Aerojet Rocketdyne, Lockheed Martin Must Decide Quickly On Next Move

By Cal Biesecker

Tuesday, January 25th, 2022

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After FTC Rejects Deal For Aerojet Rocketdyne, Lockheed Martin Must Decide Quickly On Next Move

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

Lockheed Martin [LMT] has 30 days to decide whether to continue to pursue its acquisition of missile propulsion supplier Aerojet Rocketdyne [AJRD] or terminate the merger agreement once the Federal Trade Commission files its lawsuit to block the merger, Lockheed Martin’s chief executive said on Tuesday. “So, we’ll be working with our board over the next few days and weeks to make that determination,” James Taiclet, chairman, president and CEO of Lockheed Martin, said during the company’s fourth quarter earnings…

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