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2021-02-18 Science & Technology
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Raytheon to challenge Lockheed Martin’s acquisition of Aerojet Rocketdyne
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[SpaceNews]
Raytheon CEO Gregory Hayes: “We obviously have some concerns."
WASHINGTON — Raytheon Technologies plans to formally oppose Lockheed Martin’s proposed $4.4 billion acquisition of rocket engine manufacturer Aerojet Rocketdyne, Raytheon’s CEO Gregory Hayes said Feb. 17.
Aerojet Rocketdyne’s engines are used by both Raytheon and Lockheed Martin in tactical and strategic missiles the companies make for the U.S. Defense Department.
“We obviously have some concerns” about Aerojet being acquired by a competitor, Hayes said at the Barclays Industrial Select Conference. 
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Posted by 3dc 2021-02-18 06:36||
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