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Business/Financial

U.S. Wants More Information From Lockheed Martin On Deal For Aerojet As RTC Raises Concerns

By Cal Biesecker

Monday, February 22nd, 2021

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U.S. Wants More Information From Lockheed Martin On Deal For Aerojet As RTC Raises Concerns

Raytheon Technologies Chairman and CEO Greg Hayes. Photo: Raytheon Technologies

Lockheed Martin [LMT] last Friday said the Federal Trade Commission has asked it for additional information about the company’s proposed acquisition of propulsion systems provider Aerojet Rocketdyne [AJRD] as part of the government’s regulatory review of the deal. “We are working cooperatively with the Federal Trade Commission as it conducts its review of the transaction and we continue to expect to complete the acquisition in the second half of 2021,” Lockheed Martin said in a statement. Lockheed Martin’s statement followed…

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