Aerospace Group:

Business/Financial

Aerojet Rocketdyne Shareholders Approve Deal With Lockheed Martin

By Cal Biesecker

Wednesday, March 10th, 2021

SHARE:

Aerojet Rocketdyne Shareholders Approve Deal With Lockheed Martin

Guided Multiple Launch Rocket Systems (GMLRS) Unitary Rocket Launch. Aerojet Rocketdyne produces the solid propellant rocket motor for the system. Photo: Lockheed Martin.

Aerojet Rocketdyne [AJRD] said Tuesday evening that its stockholders have approved the $4.4 billion sale of the company to Lockheed Martin [LMT], clearing a hurdle on the deal that is still expected to close in the second half of 2021. The transaction still needs federal antitrust approval. The pending deal is getting scrutinized by the federal government. In February, Lockheed Martin said the Federal Trade Commission had requested additional information about the acquisition as part of the regulatory review. Aerojet…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]