Lockheed Martin’s Aerojet Rocketdyne deal helps compete with SpaceX


The four RS-25 engines slated to fly on the maiden flight of NASA’s SLS rocket, at the company’s facility at NASA’s Stennis Space Center.

Aerojet Rocketdyne

Lockheed Martin intends to buy Aerojet Rocketdyne at a $4.6 billion equity value, a deal that adds rocket engine and spacecraft propulsion assets to the defense contractor as it competes against the likes of Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin in the growing space industry.

Aerojet Rocketdyne’s business is split between defense and space, with about 60% of its sales to the former and 40% to the latter.

“Near term, the benefit for Lockheed Martin is on the defense side … and then you’re buying some optionality in the space…


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