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Last Updated
Case Status
Closed
In the Matter of Lockheed Martin Corporation, a corporation, and Aerojet Rocketdyne Holdings, Inc., a corporation, Respondents.
FTC Matter/File Number
211 0052
Docket Number
9405
Â鶹´«Ã½ Type
Part 3 Administrative Complaints

Case Summary

The Â鶹´«Ã½ Trade Commission sued to block Lockheed Martin Corporation’s $4.4 billion proposed vertical acquisition of Aerojet Rocketdyne Holdings Inc, the last independent U.S. supplier of missile propulsion systems. Aerojet supplies advanced power, propulsion, and armament systems, which are critical components for the missiles made by Lockheed and other defense prime contractors. The  agency’s  complaint alleged that if the deal is allowed to proceed, Lockheed will use its control of Aerojet to harm rival defense contractors and further consolidate multiple markets critical to national security and defense. On Feb. 15, 2022, the Commission issued a statement regarding the parties’ decision to abandon the transaction.

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