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Lockheed scraps $4.4 bn deal to buy Aerojet amid regulatory roadblocks

Lockheed's Chief Executive said the acquisition would have improved efficiency, speed and cut costs for the US government, but that terminating the agreement was in its stakeholders' best interest

Topics
Lockheed | Lockheed Martin | Raytheon

Reuters 



Lockheed Martin, Lockheed, F-16 fighter jets, F-16
Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016 (File Photo: Reuters)

U.S. arms maker Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers.

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First Published: Mon, February 14 2022. 09:56 IST

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