|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||51.97 - 51.97|
|52-week range||51.97 - 51.97|
|Beta (5Y monthly)||0.51|
|PE ratio (TTM)||31.31|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Antitrust regulators will likely lengthen their investigation into Lockheed Martin Corp's proposed purchase of rocket maker Aerojet Rocketdyne Holdings Inc, industry executives said, since the deal would give the No. 1 defense contractor ownership of a vital piece of the U.S. missile industry. The $4.4 billion dollar deal, announced late last year, has raised eyebrows because Lockheed would take over a company that produces 70% of the solid fuel rocket motors and other propulsion products used in everything from antiballistic missiles, to air-to-air missiles.
Raytheon Technologies (NYSE: RTX) says it intends to challenge a planned $4.4 billion acquisition of Aerojet Rocketdyne (NYSE: AJRD) by Lockheed Martin (NYSE: LMT) on concerns the deal is anticompetitive. In December, Lockheed announced plans to buy Aerojet to bring the latter's propulsion and rocket technologies in-house. The deal is similar to Northrop Grumman's (NYSE: NOC) purchase of Orbital ATK in 2018, and would leave the nation's defense contractors with no independent propulsion specialist to source product from.
Aerojet Rocketdyne (AJRD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.