Mergers & Acquisitions,
Corporate,
Antitrust & Trade Reg.
Jan. 26, 2022
FTC aims to block Lockheed acquisition of Rocketjet
FTC says deal could let Lockheed cut off other defense suppliers.
The Federal Trade Commission said Tuesday it would try to block Lockheed Martin Corp.’s proposed $4.4 billion acquisition of Rocketjet Aerodyne Holdings Inc. The move is the latest in the agency’s far more aggressive antitrust stance under new director Lina M. Khan.
In a news release, the commission called Rocketjet “the last independent U.S. supplier of missile propulsion systems.” The company has headquarters in El Segundo and Sacramento...
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