Lockheed Martin (NYSE: LMT) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.4B in a move to expand its capabilities in the areas of hypersonics, space exploration, integrated air and missile defense and tactical missiles. The deal is expected to conclude in the second half of 2021, subject to approval by Aerojet Rocketdyne’s stockholders, regulatory clearances and other customary closing conditions.

Lockheed Martin (NYSE: LMT) has partnered with Aerojet Rocketdyne (NYSE: AJRD) to compete for the Missile Defense Agency’s Next-Generation Interceptor program.

Boeing (NYSE: BA) has partnered with Aerojet Rocketydyne and General Atomics’ electromagnetic systems business to form an industry team to compete for the Missile Defense Agency’s Next-Generation Interceptor program. Norm Tew -- vice president and general manager of the missile and weapon systems division at Boeing’s defense, space and security business -- said the Boeing-led team aims to deliver critical technology to improve the country’s homeland missile defense by building on the companies’ decades of combined experience in missile and weapons systems.

Dan Boehle, formerly vice president, controller and chief accounting officer at Aerojet Rocketdyne (NYSE: AJRD), has taken on a new role as the company’s chief financial officer.

Amy Gowder, a more than two-decade aerospace and technology market veteran, has been appointed chief operating officer of Aerojet Rocketdyne (NYSE: AJRD) with responsibility over its Centers of Excellence operations.

Aerojet Rocketdyne (NYSE: AJRD) has been awarded a nine-year, $1.79B follow-on contract to produce 18 more RS-25 cryogenic engines to power Space Launch System rockets NASA intends to use on Artemis exploration missions.

Aerojet Rocketdyne will develop a propulsion technology for an anti-submarine warfare weapon under a $63.2M other transaction agreement with the U.S. Navy.

Andrea Wagner, who previously held human resources leadership roles at TE Connectivity and Bombardier, will formally join Aerojet Rocketdyne as chief HR officer on March 2.

Aerojet Rocketdyne has agreed to design and produce a rocket engine assembly for NASA through additive manufacturing approaches as part of a Space Act Agreement with the agency's Marshall Space Flight Center.

Tyler Evans, a more than 25-year aerospace and defense industry veteran, has been promoted to senior vice president of the defense business unit at Aerojet Rocketdyne.