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BREAKING
Israeli media: Intense US efforts are being made to resolve differences, such as the issue of the Israeli presence on Mount Hermon and in southern Syria
Israeli media: The security agreement means amending the disengagement agreement, which will also address the Druze issue
Israeli media: Attempts to reach a security agreement between 'Israel' and Syria were among the topics discussed at the Paris meeting
Israeli media: Sheikh Muwaffaq Tarif rejected a US proposal to join the recent tripartite meeting between Tom Barrack, al-Shaibani, and Dermer
Saba News Agency: Two martyred, five injured in a preliminary toll of the Israeli aggression on the Yemeni Oil Company station on Al-Sitteen Street in Sanaa
Senior Yemeni military source to Al Mayadeen: We observed a state of confusion among the enemy's aircraft squadron after Yemeni air defenses intercepted the attack
Senior Yemeni military source to Al Mayadeen: The Yemeni air defense forces succeeded in neutralizing a squadron of enemy aircraft and prevented airstrikes on some governorates
Senior Yemeni military source to Al Mayadeen: Our air defenses and missile forces forced a formation of enemy aircraft to flee the airspace
Member of the Ansar Allah Political Bureau, Mohammed al-Bukhaiti: The Israeli aggression on Yemen will not deter us from continuing to support Gaza, no matter the sacrifices
Al Mayadeen's correspondent: The Israeli aggression targeted the Yemeni Oil Company station on Al-Sitteen Street, southwest of the capital, Sanaa, with several raids

Lockheed Martin axes $4.4 billion deal over antitrust probe

  • By Al Mayadeen Net
  • Source: Agencies
  • 14 Feb 2022 15:54
2 Min Read

US aerospace giant Lockheed Martin CEO James Taiclet announces terminating a $4.4 billion merge plan with rocket engine maker Aerojet Rocketdyne.

  • x
  • The US plans to deploy a squadron of Lockheed Martin’s F-22 fighter jets for the Saudi-led coalition.
    The US plans to deploy a squadron of Lockheed Martin’s F-22 fighter jets for the Saudi-led coalition.

US aerospace giant Lockheed Martin has scrapped a $4.4 billion deal with Aerojet Rocketdyne to buy the rocket engine maker after the federal antitrust authority moved to block it.

The Federal Trade Commission (FTC) said in January that it had sued to stop the acquisition of the country's last independent supplier of missile propulsion systems over concerns that Lockheed would use its leverage to harm rival defense contractors.

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"We determined that in light of the FTC's actions, terminating the transaction is in the best interest of our stakeholders," Lockheed Martin CEO James Taiclet said in a press statement issued Sunday.

Taiclet said that the Maryland-based arms maker would continue working with Aerojet Rocketdyne -- one of the companies making up the US defense industrial base -- as it struggles to recover from the Covid-19 pandemic.

It is noteworthy that Bloomberg reported that the US "plans to deploy a squadron of Lockheed Martin’s F-22 fighter jets in addition to moving guided-missile destroyer USS Cole" to support the Saudi-led coalition in its war on Yemen.

In 2011, the UAE signed a multi-billion dollar deal for the Theater High Altitude Area Defense (THAAD) missile protection system, built by Lockheed Martin.

Read more: Finland to buy 64 F-35s in $9.5 bn deal

  • United States
  • United Arab Emirates
  • Washington
  • UAE
  • US
  • lockheed martin
  • Yemen
  • Saudi Arabia
  • Saudi coalition Forces

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