Home / M&A Activity / Reuters: Aerojet Rocketdyne Parent Mulls Bid Increase for United Launch Alliance

Reuters: Aerojet Rocketdyne Parent Mulls Bid Increase for United Launch Alliance

ULARocketThe parent company of Aerojet Rocketdyne (NYSE: AJRD) plans to meet with outside advisers as it weighs options to raise its acquisition offer for the Boeing (NYSE: BA)-Lockheed Martin (NYSE: LMT) joint venture United Launch Alliance, Reuters reported Thursday.

Aerojet Rocketdyne’s spokesman Glenn Mahone told Reuters reporter Andrea Shalal that ULA and Aerojet Rocketdyne are still in talks over “a number of business arrangements.”

Boeing and Lockheed Martin rejected Aerojet Rocketdyne’s previous $2 billion cash offer for ULA.

Reuters reports Aerojet Rocketdyne could reveal its next plans over the ULA deal in the next few weeks.

Check Also

Salesforce’s Jenny Berarducci: Cloud Tech Could Help Agencies Transform Customer Experience

Jenny Berarducci, regional vice president of customer success at Salesforce (NYSE: CRM), has said a cloud-based tool provides government agencies the capability to improve the customer experience and earn the public’s trust, which is key to any mission. Berarducci wrote about the need for agencies to implement a flexible technology that could enable them to meet current and future needs.

Lockheed to Update Navy MASINT Platform Under Potential $90M Contract

Lockheed Martin (NYSE: LMT) has secured a potential five-year, $90.3M contract from the U.S. Navy to update the Office of Naval Intelligence's Measurement and Signature Intelligence Enterprise for Global Acoustic Intelligence platform.