Lockheed Martin terminates Aerojet Rocketdyne acquisition after FTC lawsuit

LOCKHEED MARTIN CORP

Terminated merger agreement with Aerojet Rocketdyne (NYSE: AJRD) following FTC complaint filed Jan 25, 2022.
No termination penalties incurred by either party in connection with the termination.
Acquisition was valued at approximately $4.4B when announced in Dec 2020; deal called off after FTC sought injunction.
CEO James Taiclet reaffirmed commitment to supplier partnerships and shareholder returns.

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