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By: FEDweek StaffThe Federal Trade Commission (FTC) filed a lawsuit Jan. 25 to block the planned merger of Lockheed Martin Corporation and Aerojet Rocketyne Holdings, Inc., citing concerns that the deal would place competitor contractors at an unfair disadvantage.
Aerojet Rocketdyne is the sole U.S. supplier of missile propulsion systems used by Lockheed, Northrop Grumman, and other defense contractors.
“If consummated, this deal would give Lockheed the ability to cut off other defense contractors from the critical components they need to build competing missiles,” FTC Bureau of Competition Director Holly Vedova said. “Without competitive pressure, Lockheed can jack up the price the U.S. government has to pay, while delivering lower quality and less innovation.”
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