Sign In
Search
Business/Financial

Lockheed Martin Terminates Deal For Aerojet Rocketdyne

Cal Biesecker By
SHARE:
Lockheed Martin Terminates Deal For Aerojet Rocketdyne
James Taiclet, chairman, president and CEO of Lockheed Martin. Photo: Lockheed Martin

Lockheed Martin [LMT] on Sunday evening just before kickoff at the Super Bowl said it has terminated its agreement to acquire rocket propulsion supplier Aerojet Rocketdyne [AJRD] following the U.S. Federal Trade Commission’s decision in January to seek to block the $4.4 billion deal due to anti-competitive concerns. “Our planned acquisition of Aerojet Rocketdyne would have benefitted the entire industry through greater efficiency, speed, and significant cost reductions for the U.S. government, James Taiclet, Lockheed Martin’s chairman, president and CEO,…

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

Cadenazzi Plans More Discrete Approach To Supply Chain Investments

Business/Financial

HawkEye 360 CEO Says ISA Buy Will Bolster Hawkeye’s Signals Analysis and Financial Position With Acquisition Of ISA

Business/Financial

Trump To Defense Industry Leaders: Slash Executive Pay, Dividends And Buybacks In Favor Of Production Investments

Business/Financial

CACI Makes Play To Bolster Space Capabilities With $2.6 Billion Bid For ARKA Group

Trending

Still Early Days But DoD Taking Positive Steps To Improve Acquisition, Lynn Says Ahead Of Exit
Coast Guard Awards Polar Icebreaker Contracts To Bollinger And Rauma
Boeing Awarded $8.6 Billion Deal To Build Israel’s New F-15IA Fighter Jets
Tory Bruno Hops From ULA, Skips To Blue Origin
Lockheed’s Venture Arm Invests In Battery Technology Company South 8

Contract Updates

Hartech Group LLC (New Port Richey, Florida) – $10,153,033

Hartech Group LLC, New Port Richey, Florida, has been awarded a maximum $10,153,033 firm-fixed-price contract for three high precision jig grinders with Fanuc controllers. This was a sole-source acquisition using justification 10 U.S. Code 3204 (c)(1), as stated in Federal…

Lockheed Martin Space (Sunnyvale, California) – $142,621,543

Lockheed Martin Space, Sunnyvale, California, is being awarded a $142,621,543 noncompetitive, cost-plus-incentive-fee, cost-plus-fixed-fee, and firm-fixed-price contract modification (P00073) under a Foreign Military Sales (FMS) case to the United Arab Emirates (UAE). The total value of the contract increased to $876,747,896.…

Amentum Services (Chantilly, Virginia) – $10,645,952

Amentum Services, Chantilly, Virginia, was awarded a $10,645,952 cost-no-fee, time-and-materials modification (P00074) to contract W58RGZ-25-C-0004 to provide global aviation maintenance services. The modification brings the total cumulative face value of the contract to $158,855,989. Work will be performed in Schofield…

General Electric Co. (Lynn, Massachusetts) – $26,950,000

General Electric Co., Lynn, Massachusetts, was awarded a $26,950,000 cost-plus-incentive-fee modification (P00100) to contract W58RGZ-19-C-0003 to support the engineering and manufacturing development of the improved turbine engine. The modification brings the total cumulative face value of the contract to $862,954,255.…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume