FTC will not block the purchase of Aerojet Rocketdyne by L3Harris
How nice of them! The Federal Trade Commission (FTC) said yesterday that it will not block the planned purchase of Aerojet Rocketdyne by L3Harris, which the company expects to now complete in mere days.
The deal, if finalized, would place L3Harris on a solid footing to achieve Kubasik’s long-stated goal of positioning the company as the sixth major defense prime.
The forthcoming acquisition has also garnered support from an unlikely source: RTX, the parent company of missiles giant Raytheon. Executives from the company, which rely on Aerojet to deliver crucial parts, have been open in recent weeks that while they don’t love strengthening a competitor, they feel Aerojet is in desperate need of new leadership. “We’ve obviously always been concerned about Aerojet. But I would say some of these things have been magnified by all these external inputs,” Wes Kremer, Raytheon president, told Breaking Defense during last month’s Paris Air Show.
Aerojet has had problems for years, especially because the rocket engines it makes are very expensive. It has failed to garner any market share in the new emerging rocket industry, remaining dependent entirely on very generous government contracts and the older big space contractors. But even here, it lost out to Blue Origin when ULA was looking for engines for its new Vulcan rocket.
It is likely that after this merger, the name Aerojet Rocketdyne will vanish, a sad end to a company whose roots go back to the very beginning of the space age.
The support of my readers through the years has given me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Even today NASA and Congress refuse to recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
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How nice of them! The Federal Trade Commission (FTC) said yesterday that it will not block the planned purchase of Aerojet Rocketdyne by L3Harris, which the company expects to now complete in mere days.
The deal, if finalized, would place L3Harris on a solid footing to achieve Kubasik’s long-stated goal of positioning the company as the sixth major defense prime.
The forthcoming acquisition has also garnered support from an unlikely source: RTX, the parent company of missiles giant Raytheon. Executives from the company, which rely on Aerojet to deliver crucial parts, have been open in recent weeks that while they don’t love strengthening a competitor, they feel Aerojet is in desperate need of new leadership. “We’ve obviously always been concerned about Aerojet. But I would say some of these things have been magnified by all these external inputs,” Wes Kremer, Raytheon president, told Breaking Defense during last month’s Paris Air Show.
Aerojet has had problems for years, especially because the rocket engines it makes are very expensive. It has failed to garner any market share in the new emerging rocket industry, remaining dependent entirely on very generous government contracts and the older big space contractors. But even here, it lost out to Blue Origin when ULA was looking for engines for its new Vulcan rocket.
It is likely that after this merger, the name Aerojet Rocketdyne will vanish, a sad end to a company whose roots go back to the very beginning of the space age.
The support of my readers through the years has given me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Even today NASA and Congress refuse to recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation:
5. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
Having worked for a company that went through some of those sales, I would speculate that the Aerojet Rocketdyne name will be preserved as a divisional name of L3Harris. There is too much recognition of Aerojet Rocketdyne as a manufacturer of rocket engines to just throw it away. However, L3 needs to reform those assets into a lean mean rocket building macine.
L3Harris is one of my investors and development partners. I have huge respect for them. That being said: they should jettison both “Aerojet” and their own name, and call the whole shooting match “Rocketdyne.” History aside, what a great name!!