Lockheed says FTC has made second request as part of Aerojet Rocketdyne review

By Marjorie Censer / February 19, 2021 at 9:29 AM

Lockheed Martin said this morning it has received a request for additional information from the Federal Trade Commission as part of the regulatory review process for the company's planned acquisition of Aerojet Rocketdyne.

In a statement, the contractor said it is "working cooperatively with the Federal Trade Commission as it conducts its review of the transaction and we continue to expect to complete the acquisition in the second half of 2021."

"The second request extends the waiting period imposed by the Hart-Scott-Rodino Act until 30 days after Lockheed Martin and Aerojet Rocketdyne have substantially complied with the requests or the waiting period is terminated sooner by the Federal Trade Commission," Lockheed added.

Earlier this week, Raytheon Technologies' chief executive said the company will challenge Lockheed's deal with the government.

Greg Hayes, speaking at a virtual conference, said Raytheon is "going to make our concerns known to the DOJ and the Department of Defense and just see how this whole thing plays out."