Lockheed Martin Stock News

FTC sued to block $4.4bn takeover of Aerojet Rocketdyne in January, claiming it would harm competition

U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition

Lockheed Martin Corp pulls out of plan to acquire Aerojet Rocketdyne Holdings Inc for US$4.4-billion

U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers.

Lockheed Martin Corp. on Sunday said it had scrapped plans to buy Aerojet Rocketdyne Holdings Inc. after federal antitrust overseers last month sued to block

The move comes after federal antitrust overseers last month sued to block the proposed $4.4 billion deal.

Although Lockheed pledged to keep allowing Aerojet to sell propulsion equipment to other firms, the FTC expressed its doubts in its complaint.

(Feb 14): U.S. arms maker Lockheed Martin Corp said on Sunday it terminated its plan to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion. The move comes after the U.S. Federal Trade Commission, last month, voted unanimously to sue to block the deal over antitrust concerns. The merger, which was announced in late 2020, drew critisism as it would give Lockheed a dominant position over solid fuel rocket motors -- a vital piece of the U.S. missile industry.

Lockheed Martin Corp. ended its bid to buy Aerojet Rocketdyne Holdings Inc. after the Federal Trade Commission sued to block the $4.4 billion deal on the grounds it would hurt competition among defense contractors.

(Reuters) U.S. arms maker Lockheed Martin Corp said on Sunday it terminated its plan to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion.

U.S. arms maker Lockheed Martin Corp said on Sunday it terminated its plan to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion.

(Reuters) U.S. arms maker Lockheed Martin Corp said on Sunday it terminated its plan to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion. (Reporting by Anirudh Saligrama in Bengaluru; editing by Diane Craft) Read More

Lockheed Martin terminates $4.4 billion deal to acquire Aerojet Rocketdyne

BETHESDA, Md., Feb. 13, 2022 /PRNewswire/ -- Lockheed Martin Corporation (NYSE: LMT) today announced it has terminated its agreement to acquire Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD). The decision to terminate the agreement follows the U.S. Federal Trade Commission''s (FTC) lawsuit