FTC blocks Lockheed Martin’s $4.4bn acquisition of Aerojet Rocketdyne

The U.S. Federal Trade Commission (FTC) is blocking Lockheed Martin’s proposed $4.4 billion acquisition of Aerojet Rocketdyne, on grounds of competition. Lockheed Martin announced its plans – which were subject to regulatory approval – last year, in January 2021. The FTC, however, has now decided that Aerojet Rocketdyne – which it describes as the last ...

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