The U.S. Federal Trade Commission has filed a lawsuit in a bid to stop Lockheed Martin's purchase of Aerojet Rocketdyne, according toThis is a deal worth $4.4 billion, consisting of cash and debt, but the FTC argues that this acquisition might"harm rival defense contractors and further consolidate multiple markets critical to national security and defense", according to the release.
The FTC's worries about Lockheed acquiring Aerojet focus on the potential the deal has of reducing competition in the supply chain, as defense components go up for contracts. But the FTC is also concerned that, with the deal, Lockheed might gain access to information that could be misused in the coming years.
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