Could GovCon see at least one more blockbuster merger-and-acquisition deal in 2015?
One week after Aerojet Rocketdyne’s $2 billion bid for the United Launch Alliancewas rejected, the propulsion technology maker may still be charting course in its pursuit for the Boeing-Lockheed Martin joint venture.
A Reuters report posted Thursday night says Aerojet’s parent company is exploring options for a potential acquisition of ULA and is considering whether to increase its offer for the Colorado-based joint venture that launches payloads for government agencies on heavy-lift rockets.
If the bid is successful, a combination of Aerojet and ULA would be formidable in a crowded launch market with new entries such as Elon Musk’s SpaceX outfit.
Boeing and Lockheed formed ULA as a 50-50 joint venture in 2006 and the business ranks 19th in Bloomberg Government’s 2015 list of GovCon’s top 200 vendors.
This latest development surfaced in the same week that ULA unveiled more details on its future “Vulcan” rocket and the industry partners that will participate in the venture’s push to build a heavy-lift platform with U.S.-made components only.
From 2019, Orbital ATK will be the sole manufacturer and supplier of Vulcan’s solid boosters and will succeed Aerojet as provider of motors to ULA for the currently used Atlas V rocket.
ULA first unveiled Vulcan in April and said Amazon.com founder Jeff Bezos’ Blue Origin startup would build a U.S.-made engine to replace the Russian RD-180 that powers Atlas V.
We also learned this week that the Office of Personnel Management has revised its original estimate of how many sets of federal employees’ fingerprints were stolen in the April hack on OPM’s information systems.
OPM now says more than 5.6 million fingerprint sets were compromised in that breach, a nearly fivefold increase from the agency’s original estimate of 1.1 million sets.
With this backdrop in mind, we are looking forward to the Potomac Officers Club’s 2015 Cybersecurity Summit on Oct. 15 with Navy Adm. Michael Rogers, head of the National Security Agency and Cyber Command, lined up as the headline speaker.
Rogers took the helm of NSA and Cybercom in April 2014 and will offer executive attendees an update on the military’s cybersecurity efforts and his work with other parts of government to shore up U.S. computer networks.
Click here to sign up for this important and timely event, as well as to view POC’s full calendar.
THIS WEEK’S TOP NEWS STORIES