Lockheed Martin acquires rocket engine maker Aerojet Rocketdyne for $4.4B as space heats up

Lockheed Martin (LM), the U.S.’s largest defence contractor, will acquire Aerojet Rocketdyne (AR), a rocket engine and missile manufacturer, for $4.4 billion including debt and net cash, giving the company a larger stake in space and hypersonic technology. The move comes amid the context of increasing competition in the Space and Defence industries. In a … Continue reading Lockheed Martin acquires rocket engine maker Aerojet Rocketdyne for $4.4B as space heats up