FTC Suing Lockheed Martin to Block Aerojet Rocketdyne Acquisition
Lockheed Martin (NYSE:LMT) CEO Jim Taiclet told investors Tuesday during his company’s fourth-quarter earnings call that the Federal Trade Commission (FTC) has filed a lawsuit to block Lockheed’s $4.4 billion acquisition of Aerojet Rocketdyne (NYSE:AJRD), a manufacturer of rocket engines and spacecraft propulsion. The FTC alleges that if the deal is allowed to proceed, Lockheed […]
