Lockheed Martin buys Aerojet Rocketdyne for $4.4 billion
Capitalism in space: Lockheed Martin officials announced yesterday that it will buy the rocket engine company Aerojet Rocketdyne for $4.4 billion.
James Taiclet, Lockheed Martin’s president and CEO, said the acquisition gives the company a larger footprint in space and hypersonic technology. He said Aerojet Rocketdyne’s propulsion systems already are key components of Lockheed Martin’s supply chain across several business areas. “The proposed acquisition adds substantial expertise in propulsion to Lockheed Martin’s portfolio,” the company said in a news release.
Aerejet Rocketdyne has been in trouble because it has had problems finding customers for its engines. This acquisition will give Lockheed Martin more technical capabilities should it decide to enter the launch industry with its own rocket.
Capitalism in space: Lockheed Martin officials announced yesterday that it will buy the rocket engine company Aerojet Rocketdyne for $4.4 billion.
James Taiclet, Lockheed Martin’s president and CEO, said the acquisition gives the company a larger footprint in space and hypersonic technology. He said Aerojet Rocketdyne’s propulsion systems already are key components of Lockheed Martin’s supply chain across several business areas. “The proposed acquisition adds substantial expertise in propulsion to Lockheed Martin’s portfolio,” the company said in a news release.
Aerejet Rocketdyne has been in trouble because it has had problems finding customers for its engines. This acquisition will give Lockheed Martin more technical capabilities should it decide to enter the launch industry with its own rocket.