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Business/Financial

For Aerojet Rocketdyne Deal, Taiclet Touts Integrated Product Benefits, Alignment With Defense Needs

By Cal Biesecker

Monday, December 21st, 2020

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For Aerojet Rocketdyne Deal, Taiclet Touts Integrated Product Benefits, Alignment With Defense Needs

Aerojet Rocketdyne supplies boosters, rocket motors and other components to RTX's family of Standard Missiles. Photo: L3Harris Technologies

Lockheed Martin’s [LMT] surprise announcement Sunday that it has agreed to acquire propulsion systems developer and manufacturer Aerojet Rocketdyne [AJRD] in a $4.4 billion deal will lead to better integrated end products and improved manufacturing, all of which will strengthen Lockheed Martin’s competitive position by reducing costs and improving time to market for customers, James Taiclet, the company's president and CEO said on Monday. Aerojet Rocketdyne is a supplier of rocket and tactical motors to Lockheed Martin and other aerospace…

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