Aerojet Rocketdyne Holdings, Inc. (AJRD) stock is trading 19% lower ion the news of Federal Trade Commission blocking Lockheed Martin Co's (LMT) $4.4 billion acquisition of the company.
In their lawsuit, the FTC has argued that Aerojet is one of the major suppliers of parts to other defence contractors such as Raytheon Technology (RTX), Northrop Grumman Corp. (NOC) and Boeing Co. (BA). The acquisition can lead to harm the rivalry in the industry.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.