Tag Archives: AJRD

FTC Seeks Additional Info on Lockheed’s $4.4B Deal for Aerojet Rocketdyne

Lockheed Martin (NYSE: LMT) has received from the Federal Trade Commission a second request for additional information as FTC continues to review its proposed acquisition of Aerojet Rocketdyne (NYSE: AJRD). The latest request extends for another 30 days the waiting period under the Hart-Scott-Rodino Act, Lockheed said Friday. In December, …

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Lockheed Strikes $4.4B Deal for Aerojet Rocketdyne; James Taiclet, Eileen Drake Quoted

James Taiclet President and CEO Lockheed Martin

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.

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Aerojet Rocketdyne Buys Additive Manufacturing Firm 3DMT; Eileen Drake Quoted

Aerojet Rocketdyne (NYSE: AJRD) has purchased 3D Material Technologies from ARC Group Worldwide for an undisclosed sum in a move to expand its capabilities to develop additive manufacturing-based metal alloy components for aerospace power and propulsion systems. “The addition of 3DMT’s capacity and expertise in metal alloy additive manufacturing expands our range …

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23 Firms Win Spots on $794M Navy Unmanned Undersea Vehicle R&D Support IDIQ

The U.S. Navy has awarded 23 companies positions on a potential five-year, $794.5 million contract to support the development and fabrication of unmanned undersea vehicles. The Defense Department said Monday the Naval Undersea Warfare Center Division received 28 offers for the indefinite-delivery/indefinite-quantity contract that will run through July 2023. Contractors …

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Aerojet Rocketdyne Agrees to Buy L3’s Coleman Aerospace Subsidiary; Eileen Drake Comments

Aerojet Rocketdyne Holdings (NYSE: AJRD) has agreed to acquire L3 Technologies‘ (NYSE: LLL) Coleman Aerospace business for $15 million cash in a push to expand the former’s systems engineering and mission analysis expertise. Coleman Aerospace will be renamed “Aerojet Rocketdyne Coleman Aerospace Inc.” upon closure of the deal and is forecast to generate nearly $40 million in …

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