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Business/Financial

Feds Request More Information Related To L3Harris’ Proposed Deal For Aerojet

By Cal Biesecker

Wednesday, March 15th, 2023

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Feds Request More Information Related To L3Harris’ Proposed Deal For Aerojet

Standard Missile-2 rocketing skyward. Aerojet Rocketyne supplies the Mk 72 and Mk 104 rocket motors for the various SM programs. Photo: Aerojet Rocketdyne

Aerojet Rocketdyne [AJRD] said on Wednesday the Federal Trade Commission has asked the company and L3Harris Technologies [LHX] for additional information related to L3Harris’ proposed $4.7 billion acquisition of the rocket maker. The March 15 request for more information means that once the two companies meet their obligation for the additional information, they must wait another 30 days for the FTC to complete its review unless either the companies voluntarily extend the review period or the agency terminates the review…

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