A PYMNTS Company

Raytheon Raises Concerns About Lockheed’s Aerojet Deal

 |  February 17, 2021

Raytheon Technologies has one big worry from its point of view regarding Lockheed Martin’s agreement to acquire Aerojet Rocketdyne for US$4.4 billion and what that would mean for the defense market.

“If that merger actually happens, you don’t have an independent supplier on the solid rocket motor side, and also, I think it gives us pause as we think about the competitive landscape going forward,” Raytheon CEO Greg Hayes said Wednesday, February 17, at a Barclays-hosted virtual investor conference.

Hayes told attendees Raytheon will therefore put its concerns about the planned deal to the Justice and Defense departments.

Aerojet Rocketdyne is a supplier of solid rocket motors to many other defense companies like Raytheon Technologies and Boeing that make space systems, missiles, and other large platforms.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.