By Ross Wilkers
Feb 19, 2021
U.S. antitrust regulators will take more time and will ask for more information about Lockheed Martin’s proposed acquisition of Aerojet Rocketdyne.
The Federal Trade Commission’s so-called “second request” for additional information was one Lockheed and Aerojet expected, the companies said in a release Friday.
Lockheed’s waiting period to close the transaction last for 30 days after Lockheed and Aerojet comply with the FTC’s request or if the agency terminates that waiting period earlier.
“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 added.
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Raytheon Technologies fears it could find itself at a competitive disadvantage if rival Lockheed Martin is permitted to buy propulsion provider Aerojet Rocketdyne, a Raytheon official said on 17 February. Aerojet Rocketdyne, which is based i.
Lockheed Martin to release Q4 earnings report Jan 26 thedailyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailyrecord.com Daily Mail and Mail on Sunday newspapers.
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