Raytheon to contest Lockheed Martin’s takeover of Aerojet – SpaceWatch.Global

Luxembourg, 19 February 2021. – Raytheon plans to contest Lockheed Martin’s $ 4.Four billion takeover of Aerojet Rocketdyne, the rocket engine producer, Bloomberg reported.

“They’re an enormous provider to us, and if that merger really occurs, you don’t have an unbiased provider on the solid-rocket-motor facet. And likewise, I feel it offers us pause as we take into consideration the aggressive panorama going ahead,” the information company quoted Raytheon CEO Greg Hayes from a Barclay financial institution convention.

The deal would have a prime competitor take up a key provider of stable rocket motors utilized in Raytheon’s missile techniques, Bloomberg wrote. Hayes mentioned the corporate would relay its considerations in regards to the deal to the U.S. antitrust authorities and the Protection Division.

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

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