Tag Archives: propulsion

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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Pratt & Whitney to Help Test F-35 Block 4 Propulsion System Under $230M Navy Contract

United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary has received a five-year, $230.1M contract from the U.S. Navy to support flight testing of a new F-35 aircraft propulsion system. Pratt & Whitney will help test F-35 Block 4 engine technology for Navy, the U.S. Air Force, U.S. Marine Corps and non-Department of Defense …

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Pratt & Whitney to Continue F-35 Propulsion Tech Sustainment Work Under $400M Contract Modification

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a one-year, $399.8M contract modification from Naval Air Systems Command to provide sustainment services for the F-35 aircraft propulsion technology. Pratt & Whitney’s military engines division will continue to sustain F135 propulsion systems for the U.S. Navy, U.S. Marine Corps, U.S. Air Force,non-Defense …

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General Atomics to Supply Li-ion Battery for Testing on SOCOM Undersea Vehicles

TYSONS CORNER, VA, October 24, 2018 — A General Atomics business unit will deliver a prototype lithium-ion battery system for the U.S. Special Operations Command’s manned underwater vehicles under a new contract focused on integration and testing, ExecutiveBiz reported Tuesday. The company said Monday General Atomics Electromagnetic Systems will provide a Lithium-ion Fault Tolerant …

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