FTC Takes Harder Look At Lockheed's $4.4B Aerojet Deal

Law360 (February 19, 2021, 7:01 PM EST) -- Lockheed Martin's $4.4 billion proposal to buy Aerojet will get an extended antitrust review from the Federal Trade Commission, the defense manufacturers said Friday, just days after Raytheon's CEO said his company would fight the deal.

Aerojet Rocketdyne Holdings Inc. disclosed in a filing with the U.S. Securities and Exchange Commission that it received a second FTC request for information about the pending merger. Both Lockheed and Aerojet said the additional probe was expected.

The FTC's action extends the waiting period for merger review under the Hart-Scott-Rodino Act until 30 days after Lockheed Martin Corp. and Aerojet have "substantially complied" with...

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