Lockheed Martin says it’s terminating its settlement to accumulate Aerojet Rocketdyne, lower than a month after the Federal Commerce Fee filed go well with to dam the $4.4 billion deal. In a press release, 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 techniques which might be manufactured at its facility in Redmond, Wash. — and the FTC mentioned the deal would have given Lockheed Martin the power to limit purchases of vital {hardware} by its aerospace rivals.
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