
Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) shares are trading lower by 18.5% at $36.72 Tuesday afternoon after the FTC sued to block the proposed merger with Lockheed Martin (NYSE:LMT).
Earlier this month, Lockheed Martin and Aerojet Rocketdyne agreed with the Federal Trade Commission (FTC) to not close the transaction before Jan. 27, 2022.