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Lockheed Martin strikes USD4 4B deal to buy Aerojet Rocketdyne » Borneo Bulletin Online
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Lockheed Martin buying rocket-engine maker Aerojet Rocketdyne for $4 4 billion
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Lockheed Martin strikes US$4 4-billion deal to buy Aerojet Rocketdyne
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Lockheed Martin strikes $4.4B deal to buy Aerojet Rocketdyne
by The Associated Press
Last Updated Dec 20, 2020 at 8:42 pm EDT
BETHESDA, Md. Lockheed Martin is buying rocket engine manufacturer Aerojet Rocketdyne Holdings for $4.4 billion in a deal that brings together companies that already had been working together in the aeronautics industry.
The acquisition announced late Sunday is part of Lockheed Martin’s attempt to gird for competition from recent industry entrants, Space X and Blue Origin, which are backed by two of the world’s richest men, Elon Musk and Jeff Bezos.
“Acquiring Aerojet Rocketdyne will preserve and strengthen an essential component of the domestic defence industrial base and reduce costs for our customers and the American taxpayer,” Lockheed Martin CEO James Taiclet said in a statement.
Lockheed Martin strikes $4.4B deal to buy Aerojet Rocketdyne
FILE - This Thursday, Nov. 14, 2013, file photo, shows the main entrance of the Lockheed Martin plant in Goodyear, Ariz. In a deal announced Sunday, Dec. 20, 2020, Lockheed Martin is buying rocket engine manufacturer Aerojet Rocketdyne Holdings for $4.4 billion in a deal that brings together companies that already had been working together in the aeronautics industry. (AP Photo/Matt York, File) December 20, 2020 - 6:15 PM
BETHESDA, Md. - Lockheed Martin is buying rocket engine manufacturer Aerojet Rocketdyne Holdings for $4.4 billion in a deal that brings together companies that already had been working together in the aeronautics industry.