February 14, 2022
Lockheed Martin Corp. has abandoned its planned $4.4 billion acquisition of rocket manufacturer Aerojet Rocketdyne, following scrutiny from Congress and a lawsuit from the Federal Trade Commission seeking to block the deal on antitrust grounds.
February 10, 2022
A D.C. federal judge Thursday sided with Lockheed Martin Corp. in its scheduling spat with the Federal Trade Commission, tapping May 23 as the day to kick off a multiday preliminary injunction hearing regarding Lockheed's proposed $4.4 billion purchase of Aerojet Rocketdyne Holdings Inc.
February 07, 2022
The U.S. Federal Trade Commission and Lockheed Martin Corp. told a D.C. federal judge that despite whittling the gap down to under two weeks, they are still at odds over when to schedule a multiday preliminary injunction hearing regarding the latter's $4.4 billion proposed Aerojet Rocketdyne purchase.
February 01, 2022
The Federal Trade Commission and Lockheed Martin Corp. told a D.C. federal judge Tuesday that there's still daylight between them on when to schedule a multiday preliminary injunction hearing in the agency challenge to the defense giant's $4.4 billion proposed Aerojet Rocketdyne Holdings Inc. purchase, although an agreement appeared possible.
January 28, 2022
The Federal Trade Commission has unveiled important details of its challenge to Lockheed Martin's $4.4 billion proposed Aerojet purchase in redacted versions of its in-house and district court complaints, including an allegation that Lockheed previously pressed the missile propulsion systems company to cut off its defense contractor rivals.