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Raytheon to challenge Lockheed’s takeover of Aerojet, CEO says

WASHINGTON ― Raytheon Technologies plans to challenge Lockheed Martin’s proposed $4.4 billion takeover of Aerojet Rocketdyne with the U.S. government, CEO Greg Hayes said Wednesday. “They [Aerojet Rocketdyne] are a huge supplier to us, and if that merger actually happens, you don’t have an independent supplier on the solid-rocket-motor side. And also, I think it gives us pause as we think about the competitive landscape going forward,” Hayes said at the Barclays Industrial Select virtual conference.

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https://docs.google.com/presentation/d/1QcecIcZCE4Wx4vhIvrnN4d70roDnFhPRJPaInvAivX8/edit#slide=id.p

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