27 October 2021
Lockheed Martin's purchase of Aerojet Rocketdyne delayed to Q1 2022
by Marc Selinger
Lockheed Martin, which had expected to finish its acquisition of propulsion manufacturer Aerojet Rocketdyne in the fourth quarter of 2021, disclosed on 26 October that it forecasts it will complete the transaction in the first quarter of 2022.
The US defence contractor did not give a specific reason for the delay; however, it indicated that the USD4.4 billion deal remains in the regulatory approval process. The Federal Trade Commission is leading the US government's multi-agency review of the proposed acquisition.
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Lockheed Martin, which had expected to finish its acquisition of propulsion manufacturer Aerojet Roc...
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