L3Harris announced plans Dec. 18 to acquire Aerojet Rocketdyne, the only U.S. maker of certain propulsion components for several key American military and space assets for $4.7 billion. The deal, which requires final approval from the Federal Trade Commission, would secure L3Harris as one of ...
The Defense Department faces a future of high-price, sole-source contracts, reduced innovation, and possible critical shortages if it doesn’t take steps to increase competition and the number of suppliers in the defense industrial base, according to a new Pentagon report. But changing the conditions creating ...
The world’s largest defense contractor says it’s given up on trying to buy the only U.S. maker of certain propulsion components of missiles and missile defense kill vehicles. The Federal Trade Commission announced in January that it was suing Lockheed Martin to block the company ...
The Federal Trade Commission is suing to stop the planned Lockheed Martin/Aerojet Rocketdyne merger, saying the deal would give Lockheed Martin unfair advantages while harming competition and innovation. Lockheed Martin has 30 days to decide whether to defend the merger in court or drop the ...