Original title: Lockheed acquires Aerojet Rocketdyne to enhance rocket engine development capabilities
Guide: According to a report on the thomasnet website on January 4, the US aerospace and defense supply giant Lockheed Martin Corporation, through a major acquisition, is significantly improving its rocket engine capabilities. The company is also the manufacturer of American F-35 fighter jets. Quotient.
Lockheed Martin, headquartered in Bethesda, Maryland, announced on December 20 that it has reached an agreement to acquire Aerojet Rocketdyne, headquartered in El Segundo, California, for a transaction price of approximately $4.6 billion.
Aerojet Rocketdyne has sales of approximately US$2 billion in 2019 and has nearly 5,000 employees in 15 major operating bases in the United States.
James Taiclet, who has served as Lockheed Martin’s president and chief executive officer since June 2000, said that the acquisition strengthened the company’s support for critical U.S. security missions and retained U.S. space And the leading position in the field of supersonic technology. Aerojet has added considerable propulsion expertise to Lockheed’s product portfolio, which has already used Aerojet’s propulsion system as a key supply chain component.
The transaction is expected to be completed in the second half of 2021. Previously, Lockheed had acquired the Hypersonics product portfolio of Integration Innovation in November 2020. Integrated Innovation Corporation is a designer, developer, and manufacturer of integrated hypersonic weapon systems headquartered in Hansville, Alabama.
Aerojet Rocketdyne is also the first major acquisition by Lockheed Martin since its acquisition of Sikorsky’s helicopter business from United Technologies (now Raytheon Technologies) for $9 billion in 2015. In 2014, Lockheed Martin also acquired Industrial Defender and Beontra AG, but they did not disclose the amount. The company’s other acquisitions in the past decade have been the acquisition of engine MRO assets from Aveos Fleet Performance and Amor Group in 2013.
Lockheed Martin had sales of approximately US$60 billion in 2019 and has approximately 110,000 employees.Return to Sohu to see more
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