L3Harris Technologies (LHX) received a request for additional information from the Federal Trade Commission as part of the regulatory review process for the acquisition of Aerojet Rocketdyne (AJRD). The second request extends the waiting period imposed by the Hart-Scott-Rodino Act until 30 days after L3Harris and Aerojet Rocketdyne have substantially complied with the request, or the waiting period is terminated sooner by the FTC. The transaction is expected to close in 2023, subject to approval by Aerojet Rocketdyne’s shareholders tomorrow and other customary closing conditions.
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