More Big Aerospace Cannibalism: LockMart Swallows Aerojet Rocketdyne

Aerojet Rocketdyne to be Acquired by Lockheed Martin in $5.0 Billion All-Cash Transaction, Aerojet Rocketdyne

"We are pleased to bring together our complementary companies in a transformative transaction that will provide premium cash value for our shareholders and tremendous benefits for our employees, customers and partners," said Eileen P. Drake, CEO and President of Aerojet Rocketdyne. "Joining Lockheed Martin is a testament to the world-class organization and team we've built and represents a natural next phase of our evolution. As part of Lockheed Martin, we will bring our advanced technologies together with their substantial expertise and resources to accelerate our shared purpose: enabling the defense of our nation and space exploration. On behalf of the Aerojet Rocketdyne Board and management team, I'd like to thank all of our employees for their unwavering dedication and focus in helping us achieve this great milestone."

Keith's note: Every time one of these big aerospace dinosaurs eats another dinosaur they promise that there will be increased value to the customers etc. Except it never happens. Costs always go up and projects are always delayed. Stockholders may realize some profit but the customers (taxpayers) invariably have to spend more money for the same products.

Lockheed Martin now owns Aerojet Rocketdyne (Aerojet and Rocketdyne merged a few years ago) which means they control all SLS propulsion except for the SRBs and they build Orion. Boeing oversees SLS. Northrop Grumman ate Orbital ATK which was formed when Orbital Sciences and ATK merged. They control Cygnus and Antares and the SLS SRBs. So the SLS is now built by 3 companies that used to be 7 just a few years ago. Oh yes - Lockheed Martin co-owns United Launch Alliance with Boeing. ULA is going to use Blue Origin engines. Blue Origin, Lockheed Martin, Northrop Grumman formed the HLS "National Team". Just keep this in mind when the whole Artemis project gets revisited in a few months because it costs too much and is years behind schedule.

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This page contains a single entry by Keith Cowing published on December 20, 2020 9:16 PM.

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