Lockheed Martin to acquire Aerojet Rocketdyne
Posted: Thu, Dec 31, 2020, 1:39 PM ET (1839 GMT)
Lockheed Martin will acquire Aerojet Rocketdyne in a $4.4 billion deal announced Dec. 20. Lockheed said the acquisition gives the company a larger footprint in space and hypersonic technology, specifically substantial expertise in propulsion. Aerojet produces the RS-25 and RL10 engines, and does extensive work in missiles. The companies said the deal is expected to close in the second half of 2021, pending shareholder and regulatory approvals.
Lockheed Martin will acquire Aerojet Rocketdyne in a $4.4 billion deal announced Dec. 20. Lockheed said the acquisition gives the company a larger footprint in space and hypersonic technology, specifically substantial expertise in propulsion. Aerojet produces the RS-25 and RL10 engines, and does extensive work in missiles. The companies said the deal is expected to close in the second half of 2021, pending shareholder and regulatory approvals.
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