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.
