Tag: Federal Trade Commission
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Lockheed Martin kills plans for acquiring Aerojet Rocketdyne after FTC blocks deal
Lockheed Martin says it’s terminating its agreement to acquire Aerojet Rocketdyne, less than a month after the Federal Trade Commission filed suit to block the $4.4 billion deal. In a statement, Lockheed Martin CEO James Taiclet said that in light of the lawsuit, calling off the acquisition was “in the best interest of our stakeholders.”…
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Lockheed Martin’s acquisition of Aerojet Rocketdyne faces limbo after FTC files suit
The Federal Trade Commission has filed a lawsuit to block Lockheed Martin’s $4.4 billion acquisition of Aerojet Rocketdyne, saying that the deal would “give Lockheed the ability to cut off other defense contractors from the critical components they need to build competing missiles.” In this week’s filing, the FTC says Lockheed has already sought unsuccessfully…