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Raytheon to contest Lockheed Martin’s takeover of Aerojet

Luxembourg, 19 February 2021. – Raytheon plans to contest Lockheed Martin’s $ 4.4 billion takeover of Aerojet Rocketdyne, the rocket engine manufacturer, Bloomberg reported.

“They are a huge supplier to us, and if that merger actually happens, you don’t have an independent supplier on the solid-rocket-motor side. And also, I think it gives us pause as we think about the competitive landscape going forward,” the news agency quoted Raytheon CEO Greg Hayes from a Barclay bank conference.

The deal would have a top competitor absorb a key supplier of solid rocket motors used in Raytheon’s missile systems, Bloomberg wrote. Hayes said the company would relay its concerns about the deal to the U.S. antitrust authorities and the Defense Department.

Lockheed Martin announced the takeover of Aerojet Rocketdyne in December 2020.

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