Aerojet Rocketdyne and Lockheed Martin said Friday that, as expected, they have received a request for additional information from the Federal Trade Commission as part of the regulatory review process for the acquisition of the Aerojet by Lockheed.
Both companies have extensive facilities in the Camden area.
The second request extends the waiting period imposed by the Hart-Scott-Rodino Act until 30 days after the companies have substantially complied with the requests or the waiting period is terminated sooner by the Federal Trade Commission. The transaction remains subject to approval by the Company’s shareholders and other approvals, as well as customary closing conditions.
Lockheed Martin said in a statement, “The acquisition of Aerojet Rocketdyne will enhance Lockheed Martin's ability to develop and supply advanced products in support of national security and civil space objectives. Following the close of the transaction, the Aerojet Rocketdyne business will continue to serve as a merchant supplier, providing outstanding and innovative propulsion products for the entire industry.”