BREAKING: Lockheed-Aerojet merger on life support, anticipating FTC lawsuit

Lockheed Martin and Aerojet Rocketdyne issued statements saying that it is "highly likely that the FTC will vote to sue to block the transaction" by Jan. 27.

Lockheed-Aerojet merger on life support, anticipating FTC lawsuit WASHINGTON: Lockheed Martin has paused its proposed $4.4 billion acquisition of Aerojet Rocketdyne after learning that the Federal Trade Commission is likely to block the transaction, the companies announced today. The Federal Trade Commission has advised the companies that "its concerns regarding the transaction cannot be addressed adequately by the terms of the proposed consent order," Lockheed and Aerojet stated. The companies believe it is "highly likely that the FTC will vote to sue to block the transaction" by Jan. 27. If the FTC does decide to sue in order to block the merger, it will put Lockheed in a position where the company has to choose between defending the lawsuit or allowing the deal to fail. Read more » Breaking Defense 611 Broadway • New York, New York • 10012 unsubscribe