Skip to main content

Displaying 21 - 40 of 157

Lockheed/Aerojet, In the Matter of

The Federal Trade Commission sued to block Lockheed Martin Corporation’s $4.4 billion proposed vertical acquisition of Aerojet Rocketdyne Holdings Inc, the last independent U.S. supplier of missile propulsion systems. Aerojet supplies advanced power, propulsion, and armament systems, which are critical components for the missiles made by Lockheed and other defense prime contractors. The  agency’s  complaint alleged that if the deal is allowed to proceed, Lockheed will use its control of Aerojet to harm rival defense contractors and further consolidate multiple markets critical to national security and defense. On Feb. 15, 2022, the Commission issued a statement regarding the parties’ decision to abandon the transaction.

Type of Action
Administrative
Last Updated
FTC Matter/File Number
211 0052
Docket Number
9405
Case Status
Closed
Sep15

Open Commission Meeting – September 15, 2021

Agenda items: Proposed Policy Statement on Privacy Breaches by Health Apps and Connected Devices, Non-HSR Reported Acquisitions by Select Technology Platforms, 2010-2019: An FTC Study, Proposed...