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Lockheed Martin acquires Aerojet in $4.4 billion deal

Lockheed Martin has struck a deal to acquire Aerojet Rocketdyne Holdings in an all-cash transaction valued at $4.4 billion, the two companies announced today.

The agreement marks the latest combination of space industry heavyweights, following Northrop Grumman’s $7.8 billion acquisition of Orbital ATK in 2017.

It also marks a change of ownership for Aerojet’s space propulsion facility in Redmond, Wash., one of the Seattle area’s longest-running space ventures.

By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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