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Lockheed Martin shuts down missile system company acquisition as FTC intervenes

By Mike Brest
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Lockheed Martin shuts down missile system company acquisition as FTC intervenes

Defense contractor Lockheed Martin announced its intent to stop an attempted acquisition of a company that develops missiles weeks after the Federal Trade Commission filed a lawsuit to prevent the sale.

The company announced on Sunday that it was no longer looking to acquire Aerojet Rocketdyne Holdings. The sale Lockheed Martin had in place was for $4.4 billion.

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Defense FTC Lockheed Martin