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Business/Financial

No Consent Decree Required For FTC Approval Of Aerojet Deal, L3Harris’ Kubasik Says

By Cal Biesecker

Thursday, July 27th, 2023

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No Consent Decree Required For FTC Approval Of Aerojet Deal, L3Harris’ Kubasik Says

Christopher "Chris" Kubasik, chairman and CEO of L3Harris Technologies. Photo: L3Harris

The federal government did not require L3Harris Technologies [LHX] to negotiate a consent agreement to ensure it would be an unbiased supplier of tactical missile motors and rocket engines before closing its acquisition of Aerojet Rocketdyne [AJRD] but the company did assure the Department of Defense it will remain a merchant supplier of these products to any potential eligible customer, Christopher Kubasik, chairman and CEO of L3Harris, said on Thursday. The $4.7 billion acquisition is expected to close as early…

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