“We were advised today that the FTC will not block our acquisition of Aerojet Rocketdyne; therefore, we are
moving forward to close the transaction on or about July 28,” wrote L3Harris CEO Chris Kubasik in a note to investors.
B-21, hypersonics and more: How digital development is driving industry innovation
Technological advancements are key to keeping pace with customer demands and evolving threat landscapes.
The Federal Trade Commission formally made a second request for information last month as it evaluates antitrust concerns associated with L3Harris acquiring one of only two major suppliers of solid rocket motors for the Pentagon.
By Michael Marrow
The Department of Justice just told the Department of Defense to back off, and DoD did. It’s a rare public confrontation between two major government departments, especially over a subject as politically volatile as mergers and acquisitions, where the Pentagon had wanted more authority in a process Justice and the Federal Trade Commission currently control —…
By Sydney J. Freedberg Jr.
