Lockheed Martin Acquires Aerojet Rocketdyne For $4.4 Billion

by
msmash
from Slashdot on (#5BXT6)
Lockheed Martin has agreed to buy Aerojet Rocketdyne for $4.4 billion in cash (including assumed debt). From a report: This reflects how legacy defense companies are racing to keep up with Elon Musk and Jeff Bezos in space, a dynamic that also helped drive Raytheon's merger effort with United Technologies. Plus, this is the exact type of company that will be seeking Space Force bids, maybe getting cool branding logos on the Guardian outfits. Aerojet in 2015 offered to pay $2 billion to buy a rocket launch joint venture between Boeing and Lockheed, but was rebuffed by Boeing.

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