Lockheed Martin buys Aerojet Rocketdyne for extra propulsion

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Lockheed Martin is buying Aerojet Rocketdyne Holdings, the aerospace and defence rocket engine manufacturer, in a transaction valued at $4.4 billion. The proposed acquisition will add “substantial expertise” in propulsion to Lockheed Martin’s portfolio, says the company, with the deal expected to be completed in the second half of 2021, subject to regulatory approvals and …

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