Aerojet Rocketdyne ( NYSE: AJRD ) is asking for final bids in its efforts to find a suitable buyer, Dealreporter reported, citing people familiar with the matter.
Defense contractor L3Harris ( NYSE: LHX ) is among the potential suitors that’s performing diligence on Aerojet ( AJRD ), one of the sources said. Aerojet ( AJRD ) makes engines for rockets such as NASA’s Space Launch System that will carry people back to the moon.
L3Harris ( LHX ) may have an advantage in the bidding because the company isn’t as big as others such as Lockheed Martin ( LMT ) and Northrop Grumman ( NOC ) that are more likely to face antitrust scrutiny.
General Electric ( GE ), Veritas Capital and Textron ( TXT ) also are interested in possibly buying Aerojet, Reuters reported last week.
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Aerojet Rocketdyne said to receive strong takeover interest from L3Harris