General Electric (NYSE: GE), L3Harris Technologies (NYSE: LHX), Textron (NYSE: TXT) and Veritas Capital are among the companies that have expressed interest in acquiring Aerojet Rocketdyne , which has an estimated market valuation of $4 billion, Reuters reported Wednesday.
Citing unnamed sources, Reuters noted the El Segundo, California-based rocket propulsion maker has initiated a process to put itself up for sale and could sign a deal by the end of December if negotiations go smoothly.
In February, Lockheed Martin (NYSE: LMT) decided to drop a $4.4 billion deal to buy Aerojet after the Federal Trade Commission filed an antitrust lawsuit to block the planned merger citing the proposed transaction’s impact on competition.
One of the people familiar with the matter said none of the potential Aerojet acquirers are direct competitors and raise any antitrust issue that could thwart a potential deal.
The new award follows earlier Longbow contracts for radar electronics, mast-mounted assemblies and Apache radar sustainment services.
Leidos will support an asset tracking system covering more than 80 million government property items across over 50 agencies.
AMERICAN SYSTEMS has secured a $113.4 million follow-on task order to support a Department of War customer's critical technology work.
Scolese led the National Reconnaissance Office from 2019 to 2026 and previously directed NASA’s Goddard Space Flight Center.
Lockheed's missile backlog reached $142.5 billion after a seven-year Patriot Advanced Capability-3 contract.
DHS has forecast a sole-source, 12-month follow-on BPA worth up to $100 million for identity, credential and access management support.
Leidos will leverage capabilities from its Kudu Dynamics acquisition and its existing cybersecurity technologies to carry out the work.
A Cherokee Federal company has secured a $99.3 million Navy contract to sustain protective and life-support equipment for sailors.
Michael Teegardin, a former ASRC Federal executive and U.S. Army veteran, has joined Akima as VP of marketing and communications.
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