Senator Elizabeth Warren, Three Other Lawmakers Urge The Defense Department To Thoroughly Review L3harris Technologies' $4.7B Deal For Aerojet Rocketdyne
Portfolio Pulse from Charles Gross
Senator Elizabeth Warren and three other lawmakers have urged the Defense Department to thoroughly review the $4.7 billion deal between L3Harris Technologies and Aerojet Rocketdyne. The lawmakers are concerned about the potential impact on competition and national security.
July 11, 2023 | 9:32 am
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NEGATIVE IMPACT
Aerojet Rocketdyne's acquisition by L3Harris Technologies is under scrutiny by lawmakers, which could delay or even derail the deal.
The call for a thorough review of the deal by lawmakers, including Senator Elizabeth Warren, could potentially delay or derail the acquisition. This uncertainty could negatively impact Aerojet Rocketdyne's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The proposed acquisition of Aerojet Rocketdyne by L3Harris Technologies is under scrutiny by lawmakers, which could delay or even derail the deal.
The call for a thorough review of the deal by lawmakers, including Senator Elizabeth Warren, could potentially delay or derail the acquisition. This uncertainty could negatively impact L3Harris Technologies' stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100