FTC in the U.S. to block Lockheed Martin’s acquisition of Aerojet Rocketdyne

The Federal Trade Commission (FTC) in the U.S. sued to block Lockheed Martin’s proposed acquisition of Aerojet Rocketdyne, the supplier of missile propulsion systems for $4.4 billion, the FTC said. Lockheed, and its competitors in this area - Raytheon Technologies, Northrop Grumman, and Boeing - act as missile system contractors to the U.S. Department of Defense.