Lockheed says it has raised concerns over L3Harris-Aerojet deal

Aerojet Rocketdyne Holdings

20/06/2023 09:35

LONDON, June 20 (Reuters) - Lockheed Martin  LMT.N  has
raised concerns with the U.S. Defense Department and Federal
Trade Commission about L3Harris's  LXH.N  acquisition of Aerojet
Rocketdyne  AJRD.N , Lockheed's Chief Operating Officer Frank
St. John said on Tuesday. 
    St. John said Lockheed, Aerojet's biggest customer, wanted
L3Harris to ensure access to rocket motors, fair pricing and IP
protections, adding it had received "little response" from
L3Harris over its concerns. 
    L3Harris said in December it would buy Aerojet Rocketdyne
for $4.7 billion in cash as it looks to tap into rising demand
for missiles amid the Ukraine conflict.

 (Reporting by Valerie Insinna
Editing by Mark Potter)