Lockheed Martin lmt Voices Concerns over L3harris aerojet Deal

Lockheed Martin (LMT) Voices Concerns Over L3Harris-Aerojet Deal

Lockheed Martin Corporation (NYSE: LMT) is expressing worries about L3Harris’s acquisition of Aerojet Rocketdyne. The concerns were raised by Lockheed’s Chief Operating Officer, Frank St. John, during discussions with the U.S. Defense Department and the Federal Trade Commission.

St. John emphasized that Lockheed, being Aerojet’s largest customer, wants L3Harris to ensure continued access to rocket motors, fair pricing, and intellectual property protections. However, he mentioned that L3Harris has provided only a limited response to address these concerns.

In December, L3Harris announced its plan to acquire Aerojet Rocketdyne for $4.7 billion in cash. The acquisition aims to capitalize on the increasing demand for missiles, particularly in light of the Ukraine conflict.

Shares of Lockheed Martin Corporation (LMT) are showing no change in the pre-market trading Tuesday. The shares are trading at the price of $459.