Lockheed Martin’s acquisition of Aerojet Rocketdyne faces limbo after FTC files suit

The Federal Commerce Fee has filed a lawsuit to dam Lockheed Martin’s $4.4 billion acquisition of Aerojet Rocketdyne, saying that the deal would “give Lockheed the flexibility to chop off different protection contractors from the essential elements they should construct competing missiles.” On this week’s submitting, the FTC says Lockheed has already sought unsuccessfully to maintain Aerojet from offering essential propulsion applied sciences to Lockheed’s rivals. In response, Lockheed Martin notes that it “might elect to defend the lawsuit or terminate the merger settlement.” Aerojet’s facility in Redmond, Wash., performs a lead position in constructing in-space propulsion programs.

See also  Bill Gates’ Breakthrough Energy leads $65M funding round for Stoke Space’s reusable rockets

Related Posts

Tech founder who took space trip with William Shatner dies in N.J. plane crash

Glen de Vries peers out from Blue Origin’s New Shepard suborbital space capsule after touchdown in October. (Blue Origin Photo) A month after taking a suborbital space…

BlackSky makes a deal to sell satellite imagery to NASA — and makes its first quarterly report

One of BlackSky’s Earth observation satellites is readied for launch. (Rocket Lab Photo) BlackSky Technology says it has secured a five-year, sole-source blanket purchase agreement with NASA…

Jeff Bezos says he’s spending more on his Earth Fund than on Blue Origin space shots

Jeff Bezos, the founder of Amazon and Blue Origin, talks about the link between space and Earth’s welfare with moderator Adi Ignatius at a forum at Washington…

Orbite’s plans for space training complex get a boost from famed French designer Philippe Starck

Orbite customers and instructors take a zero-G airplane flight during spaceflight training. (Orbite Photo) The French designer who created the look for Virgin Galactic, Spaceport America and…

Rocket Lab launches two more Earth observation satellites for BlackSky — and tracks a falling rocket

Rocket Lab’s Electron launch vehicle rises from its New Zealand launch pad. (Rocket Lab via YouTube) BlackSky’s Earth-watching constellation has grown by two satellites, thanks to Rocket…

NASA begins DART mission to practice pushing away an asteroid, with an extra push from Aerojet

SpaceX’s Falcon 9 rocket launches NASA’s DART asteroid probe from Vandenberg Space Force Base in California. (NASA via YouTube) A space probe the size of a school…

Leave a Reply

Your email address will not be published. Required fields are marked *