Lockheed Martin acquisition of Aerojet Rocketdyne (terminated)
Lockheed Martin agreed to buy Aerojet Rocketdyne but terminated the deal in February 2022 after the FTC sued to block it.
- Company
- Aerojet Rocketdyne
- Type
- M&A
- Status
- Terminated
- Date
- 13 Feb 2022
- Value
- US$4.4bn
- Value basis
- About US$4.4bn including net cash; US$56 per share (US$51 after a special dividend)
- Region
- US
- Segment
- Missiles, space and munitions
Parties
- Lockheed Martin buyer
- Aerojet Rocketdyne shareholders seller
Key terms
- Signed
- 20 Dec 2020
- Outcome
- Terminated after FTC challenge
Sources
- Lockheed Martin 8-K: Lockheed Martin to acquire Aerojet Rocketdyne sec.gov · 21 Dec 2020
- Aerojet Rocketdyne 8-K: 2021 results (terminated merger agreement) sec.gov · 18 Feb 2022
Record DEF-INV-2022-0003. Investments are kept apart from the financings register and never counted in debt totals.
