The planned acquisition of rocket engine firm Aerojet Rocketdyne has already drawn major scrutiny owing to allegations that it will give Lockheed an unfair competitive edge in the highly-concentrated missile defense, propulsion, and hypersonic development market.
Aerojet Rocketdyne is an American rocket and missile-propulsion manufacturer. It is also involved in the ongoing research to develop hypersonic weapons, as well as a variety of other munitions, targets, and undersea systems.
According to the latest reports, the US Federal Trade Commission, which reviews mergers and acquisitions, has postponed a vote on Lockheed Martin’s bid to acquire Aerojet Rocketdyne for up to two weeks.
The vote was originally scheduled for midweek, the report said, adding that the delay would give the FTC additional time to analyze the merger’s conditions.