Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 03 FEBRUARY 2022

FTC Objects To $4.4 Billion Acquisition Of Defense Contractor, Citing Antitrust Concerns

Cozen O'Connor
Explore more from Cozen O'Connor

The FTC sued the world's largest defense contractor, Lockheed Martin Corporation, and Aerojet Rocketdyne Holdings, Inc.

United StatesAntitrust/Competition Law
Lori Kalani
Lori Kalani
Bernard Nash
Bernard Nash
  • The FTC sued the world's largest defense contractor, Lockheed Martin Corporation, and Aerojet Rocketdyne Holdings, Inc., the last independent U.S. supplier of missile propulsion systems, to block Lockheed Martin's proposed $4.4 billion vertical acquisition of Aerojet for allegedly being harmful to competition and violating the FTC Act and the Clayton Act.
  • The complaint alleges that the proposed merger will consolidate multiple markets critical to national security and thereby harm the interests of the U.S. government by driving up the cost of missile systems and related items, and also will stifle innovation. The complaint further alleges that the acquisition of Aerojet would give Lockheed Martin control over critical missile propulsion components required by its rivals to compete against Lockheed Martin.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Booking Holdings v. Commission: General Court Clears The Way For Reverse Leveraging

The General Court of the European Union has upheld the European Commission's prohibition of Booking Holdings' acquisition of eTraveli Group, endorsing for the first time a 'reverse leveraging' theory of harm in conglomerate mergers. This landmark judgment establishes that dominant companies can be blocked from acquiring complementary businesses even when the target operates in a market where the acquirer lacks dominance, fundamentally reshaping merger control enforcement in digital and ecosystem-driven mark
United StatesAntitrust/Competition Law
Baker Botts L.L.P.
Baker Botts L.L.P.
Article

KKR Agrees To Historic $250 Million Penalty For Alleged Violations Of HSR...

The Department of Justice announced a landmark $250 million settlement with KKR & Co. for allegedly submitting deficient Hart-Scott-Rodino Act notification forms across at least 16 transactions. This unprecedented penalty, the largest ever for HSR violations, raises critical questions about merger notification compliance obligations and the consequences of systemic noncompliance with federal antitrust review requirements.
United StatesAntitrust/Competition Law
Bracewell LLP
Bracewell LLP
Article

Recent Significant Federal Merger Enforcement Developments

The Justice Department has resumed targeted Second Request investigations to expedite merger reviews, while major entertainment industry consolidation faces legal challenges and the FTC secures record penalties for Hart-Scott-Rodino Act violations. These developments signal a shifting landscape in federal merger enforcement, balancing efficiency with rigorous antitrust scrutiny across multiple industries.
United StatesAntitrust/Competition Law
Wiggin and Dana LLP
Wiggin and Dana LLP