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Lockheed Martin Touts Integrated Product Benefits on Aerojet Rocketdyne Deal


Lockheed Martin’s surprise announcement Sunday that it has agreed to acquire propulsion systems developer and manufacturer
Aerojet Rocketdyne in a $4.4 billion deal, will lead to better integrated end products and improved manufacturing, James Taiclet, the company’s president and CEO said on Monday.
Aerojet Rocketdyne is a supplier of rocket and tactical motors to Lockheed Martin and other aerospace and defense customers for launch vehicles, tactical missiles, missile defense systems and emerging hypersonic weapons. About 35% of the company’s current sales are from Lockheed Martin.
Taiclet said Lockheed Martin will preserve Aerojet Rocketdyne’s merchant supplier status to other companies in the industry just as  ....

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Lockheed Makes $4.4B Bid to Buy Aerojet Rocketdyne


USNI News
Lockheed Makes $4.4B Bid to Buy Aerojet Rocketdyne
RS-25 Engines. Aerodyne Rocketdyne Photo
Lockheed Martin has made a $4.4 billion offer to acquire rocket engine maker Aerojet Rocketdyne, the companies announced on Sunday.
Speaking with investors on Monday, Lockheed CEO Jim Taiclet said the move to acquire the engine maker was rooted in the future growth of hypersonic weapons and missile defense systems the Pentagon is developing, as well as the growing space business.
In the call, Taiclet and Lockheed CFO Ken Possenriede said the merger had the potential to improve the development of new missile and space systems by allowing engineers across both companies to work closer together. ....

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