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Lockheed Martin kills plans for buying Aerojet Rocketdyne after FTC blocks deal

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Lockheed Martin says it’s terminating its settlement to amass Aerojet Rocketdyne, lower than a month after the Federal Commerce Fee filed swimsuit to dam the $4.4 billion deal. In an announcement, Lockheed Martin CEO James Taiclet mentioned that in mild of the lawsuit, calling off the acquisition was “in the most effective curiosity of our stakeholders.” Aerojet makes all kinds of rocket engines — together with in-space propulsion methods which are manufactured at its facility in Redmond, Wash. — and the FTC mentioned the deal would have given Lockheed Martin the power to limit purchases of important {hardware} by its aerospace rivals.

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