Lockheed Martin’s Purchase Of Aerojet Is A Modest Transaction With Major Benefits [Forbes]
Aerojet Rocketdyne Holdings, Inc. (AJRD)
Last aerojet rocketdyne holdings, inc. earnings: 2/19 04:11 pm
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Source: Forbes
Lockheed Martin’sLMTAJRDHowever, the transaction has important implications for the U.S. technology base, and at first blush the news seems to be mostly positive.Aerojet is one of only two domestic suppliers of large solid rocket motors (SRMs) used on strategic missiles and launch vehicles. The 2018 merger of NorthropNOCHaving largely cornered the market for large SRMs, Orbital looked poised to dominate for the foreseeable future given the financial leverage it would have by combining with the vast Northrop enterprise.An Aerojet Rocketdyne RS-68 engine undergoing testing at NASA's Stennis Space Center.WikipediaFortunately, Northrop Grumman had the good sense to take on Aerojet as a supplier of at least one rocket stage when it secured the contract to build a successor to the Minuteman III ICBM. But that by itself didn’t entirely eliminate worries about Aerojet’s future in the large SRM segment of the market.Lockheed Martin’s purchase of Aerojet, assuming regulatory and shareholder app
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