:

Business/Financial

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

By Cal Biesecker

Tuesday, January 25th, 2022

SHARE:

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…

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]

Army

Army ‘Looking At Options’ For Supporting Munitions Boost Plans If Reconciliation Fails, Official Says

The Army is “looking at options” for how it would support planned boosts to munitions production if Congress doesn’t pass a reconciliation bill with the requested funding, a senior acquisition […]

Build Of At Least 45 MQ-9s By Start Of FY 2029 Required By SASC Bill

Down to an inventory of 135 MQ-9A Reapers due to the loss of two dozen aircraft in strikes on Iran, the Air Force would have to field at least 45 […]