Lockheed Martin Reveals Concerns Over L3Harris-Aerojet Deal: Report
Portfolio Pulse from Akanksha Bakshi
Lockheed Martin has raised concerns over L3Harris Technologies' acquisition of Aerojet Rocketdyne Holdings, citing lack of response to requests for access to rocket motors, fair pricing, and IP protections. Lockheed has approached the U.S. Defense Department and Federal Trade Commission for intervention.
June 20, 2023 | 7:23 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Aerojet Rocketdyne Holdings' acquisition by L3Harris Technologies faces concerns from Lockheed Martin.
As Aerojet is being acquired by L3Harris, Lockheed Martin's concerns and potential intervention from the U.S. Defense Department and FTC may negatively impact Aerojet's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
L3Harris Technologies faces concerns from Lockheed Martin over its acquisition of Aerojet Rocketdyne Holdings.
L3Harris has not responded to Lockheed Martin's concerns over the acquisition of Aerojet. This lack of response and potential intervention from the U.S. Defense Department and FTC may negatively impact L3Harris' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Lockheed Martin raises concerns over L3Harris-Aerojet deal, seeking intervention from U.S. Defense Department and FTC.
Lockheed Martin is Aerojet's biggest customer and has raised concerns over the acquisition by L3Harris. While the stock price has not been significantly impacted, the company's concerns may affect future dealings with L3Harris and Aerojet, depending on the outcome of the intervention.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100