Lockheed Martin ends attempt to purchase Aerojet Rocketdyne

by | Feb 18, 2022 | Finance, Seradata News

American aerospace and defence mainstay Lockheed Martin has stopped its planned purchase of Aerojet Rocketdyne, as announced on 13 February. Lockheed proposed its purchase of its fellow industry participant in December 2020 but ran into issues concerning Aerojet’s missile propulsion systems.

It seems that the the US anti-trust authority, the Federal Trade Commission, was concerned about Aerojet’s status as the last independent, major producer of these items. The fear seemed to focus on the potential for anti-competition practises, because of reduced capacity for competing contractors to supply national security needs. The Federal Trade Commission (FTC) voted 4-0 to block the purchase in January.

The blocking of the transaction by a  US Government left Lockheed with little option but to terminate the process.

About Seradata

Seradata produces the renowned Seradata database. Trusted by over 100 of the world’s leading Space organisations, Seradata is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to https://www.seradata.com/product/

Related Articles

Categories

Archives

Tags

nasaspacexecoreviewsissesaArianespacechinavideoFalcon 9v1.2FT Block 525virgin galacticfalcon 9ULARoscosmosevaspacewalkDGABlue Originaviation weekInternational Space StationRocket LabaresIGTsoyuzBeidouawardsStarlinkAirbus DSboeingspaceSatellite broadcastingrussiamoonOneWebISROCargo Return VehiclemarsblogresearchspaceshiptwoorionmarsjaxaimpactEutelsatdelayhyperbolaSESdemocratthales alenia spacegoogle lunar prizerocketlunarhypertextobamalaunchVegatourismconstellationbarack obamafiguresnorthspaceflightIntelsatnode 2fundedElon MuskLockheed MartinRaymond LygoAtlas V2009romeExpress MD-2dassault aviationss2sstl2008wk2aviationLucyradiouksuborbitalVirgin Orbittestmissiledocking portexplorationSLSAriane 5 ECAinternetLong March 2D/2China Manned Space Engineeringsts-122Ariane 5Northrop GrummanElectronmissile defensenewspapercotsgalileospace tourismflight2010Long March 4CspaceportExpress AMU 1buildspace stationaltairsoyuz 2-1ashuttleProton Minternational astronautical congressscaled compositesAriane 6Intelsat 23European Space AgencyLauncherOnespace shuttleCosmoshanleybudgetrulesnew yorkLong March 2Cnew shepardInmarsatVietnamatvshenzhoucongressMojavelaunchesboldenUK Space AgencycnesOrbital ATKUS Air Forcelunar landeriacGuiana Space CenterApollolawsSpace Systems/LoralLong March 4BKuaizhou 1AkscprotonElectron KSdarpaILSTalulah RileyVega CFalcon 9v1.2 Block 5Space InsuranceNorth KoreaeuSkylonAstriumpicturebaseusaastronautdragonlanderfiveeventTelesatSSLEchostarAprilSNC50thfalconWednesdaySea LaunchLong MarchinterviewViasat

Stay Informed with Seradata

Stay informed on the latest news, insights, and more from Seradata by signing up for our newsletter.