Lockheed Martin strikes US$4.4-billion deal to buy Aerojet Rocketdyne [Toronto Globe and Mail (Ontario, Canada)]
Aerojet Rocketdyne Holdings, Inc. (AJRD)
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Source: Toronto Globe and Mail
Lockheed Martin strikes US$4.4-billion deal to buy Aerojet Rocketdyne A sign at the new Lockheed Martin Manufacturing Centre of Excellence is seen at the company's headquarters in Ampthill near Bedford, Britain June 9, 2016. Peter Nicholls/Reuters A sign at the new Lockheed Martin Manufacturing Centre of Excellence is seen at the company's headquarters in Ampthill near Bedford, Britain June 9, 2016. 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 custom
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