Sign In
Search
Business/Financial

L3Harris Diversifying Weapons, Space Work With $4.7 Billion Deal For Aerojet Rocketdyne

Cal Biesecker By
SHARE:
L3Harris Diversifying Weapons, Space Work With $4.7 Billion Deal For Aerojet Rocketdyne
Standard Missile-2 rocketing skyward. Aerojet Rocketyne supplies the Mk 72 and Mk 104 rocket motors for the various SM programs. Photo: Aerojet Rocketdyne

Nearly a year after the collapse of a proposed deal by Lockheed Martin [LMT] to buy engine and rocket maker Aerojet Rocketdyne [AJRD], the only independent supplier of tactical rocket motors and engines for space launch vehicles last Saturday found a new suitor, L3Harris Technologies [LHX], which agreed to buy the company for $4.7 billion. L3Harris will pay $58 per share in cash for the California-based Aerojet Rocketdyne, and the total deal value includes debt. The companies made the announcement…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

AeroVironment Expands Manufacturing Capacity, UAS Products, With ESAero Acquisition

Business/Financial

Funding To Support Multi-Year Missile Production Deals Expected In Iran Supplemental, FY ’27 Request

Business/Financial

Swarmer To Raise Up To $17.25 Million In IPO; Trading Starts Today

Business/Financial

Shield AI Raises $2 Billion; Acquiring Software Simulation Company Aechelon To Strengthen AI Pilot

Trending

Army Officially Launches ‘Amazon-Like’ UAS Marketplace
Lockheed Martin Rolls Out Low-Cost Containerized Grizzly Launcher
Defense Watch: Railgun Testing, DOGE Endures, FAMM Engines, Faster FMS
U.S. And Japan Conduct First SPY-7 ASEV Live Tracking Test
Space Force Adds Portfolio Acquisition Executives For Four More Mission Areas

Congress Updates

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume