Update on Proposed Aerojet Rocketdyne Acquisition Lockheed Martin Jan. 25, 2022
Earlier this month, Lockheed Martin and Aerojet Rocketdyne agreed with the Federal Trade Commission (FTC) that the parties would not close the transaction before Jan. 27, 2022, to enable the parties to discuss the scope and nature of the merchant supply and firewall commitments previously offered by Lockheed Martin. Lockheed Martin has been advised by the FTC that its concerns regarding the transaction cannot be addressed adequately by the terms of a consent order. Lockheed Martin believes it is highly likely that the FTC will vote to sue to block the transaction and expects they will make a decision before Jan. 27, 2022.
If the FTC sues to block the transaction, Lockheed Martin could elect to defend the lawsuit or terminate the merger agreement. Additional information concerning the transaction can be found in Lockheed Martin’s 2021 Form 10-K that has been filed with the Securities and Exchange Commission.
Lockheed Martin continues to believe in the benefits of the transaction for the United States and its allies, the industry, and all of the company’s stakeholders.
Agency Seeks to Prevent World’s Largest Defense Contractor from Eliminating Last Independent U.S. Missile Propulsion Provider and Further Consolidating Markets Critical to National Security and Defense
WASHINGTON (FTC PR) — Today, the Federal Trade Commission sued to block Lockheed Martin Corporation’s $4.4 billion proposed vertical acquisition of Aerojet Rocketdyne Holdings Inc, the last independent U.S. supplier of missile propulsion systems. Aerojet supplies advanced power, propulsion, and armament systems, which are critical components for the missiles made by Lockheed and other defense prime contractors. The agency’s complaint alleges that if the deal is allowed to proceed, Lockheed will use its control of Aerojet to harm rival defense contractors and further consolidate multiple markets critical to national security and defense. This is the agency’s first litigated defense merger challenge in decades.
Atlas V launched Geosynchronous Space Situational Awareness Program (GSSAP) satellites, GSSAP-5 and GSSAP-6, to a near-geosynchronous orbit
CAPE CANAVERAL SPACE FORCE STATION, Fla., January 21, 2022 (ULA PR) – A United Launch Alliance (ULA) Atlas V rocket carrying the USSF-8 mission for the U.S. Space Force’s Space Systems Command lifted off on Jan. 21 at 2:00 p.m. EST from Space Launch Complex-41 at Cape Canaveral Space Force Station. To date ULA has launched 148 times with 100 percent mission success.
CAPE CANAVERAL SPACE FORCE STATION, Fla., Jan. 19, 2022 (ULA PR) – A United Launch Alliance (ULA) Atlas V rocket is in final preparations to launch the USSF-8 mission for the U.S. Space Force’s Space Systems Command. The launch is on track for Jan. 21, 2022 from Space Launch Complex-41 at Cape Canaveral Space Force Station. Launch is planned for 2:00 p.m. EST. The live launch broadcast begins at 1:40 p.m. EST at www.ulalaunch.com.
HUNTSVILLE, Ala. (NASA PR) — As teams continue to prepare NASA’s Space Launch System (SLS) rocket for its debut flight with the launch of Artemis I, NASA and its partners across the country have made great progress building the rocket for Artemis II, the first crewed Artemis mission. The team is also manufacturing and testing major parts for Artemis missions III, IV and V.
Mission will be a direct injection to Geosynchronous Equatorial Orbit (GEO) and longest mission to date
CAPE CANAVERAL SPACE FORCE STATION, Fla., Dec. 2, 2021 (ULA PR) – A United Launch Alliance (ULA) Atlas V rocket is in final preparations to launch the Space Test Program (STP)-3 mission for the U.S. Space Force’s Space Systems Command. The launch is on track for Dec. 5, 2021 from Space Launch Complex-41 at Cape Canaveral Space Force Station. Launch is planned for 4:04 a.m. EST. The live launch broadcast begins at 3:30 a.m. EST at www.ulalaunch.com.
STENNIS SPACE CENTER, Miss., Sept. 30, 2021 (Aerojet Rocketdyne PR) – Today’s RS-25 engine test at NASA’s Stennis Space Center completed the Retrofit-2 test series, which validated modernized, lower-cost components for new RS-25 engines to be used on the Space Launch System (SLS) heavy-lift rocket.
LOS ANGELES, Sept. 21, 2021 (Aerojet Rocketdyne PR) — NASA has selected Aerojet Rocketdyne to build the Orion Main Engine (OME), the primary propulsion element for NASA’s Orion spacecraft that will be used to explore deep space. Under the contract, which runs through 2032, Aerojet Rocketdyne will deliver up to 20 new OME engines for use on future Artemis missions beginning with Artemis VII, or to support other NASA-sponsored, deep space exploration missions.
LOS ANGELES, Aug. 18, 2021 (Aerojet Rocketdyne PR) — Aerojet Rocketdyne has finished a major expansion of its Los Angeles facility to support production of new-generation RS-25 main engines for NASA’s Space Launch System (SLS), which will send astronauts to the Moon as early as 2024.
Cape Canaveral Space Force Station, Fla., July 27, 2021 (ULA PR) – A United Launch Alliance (ULA) Atlas V rocket is in final preparations to launch Boeing’s CST-100 Starliner spacecraft on the second Orbital Flight Test (OFT-2) to the International Space Station (ISS). The launch is planned for July 30 at 2:53 p.m. EDT from Space Launch Complex-41 at Cape Canaveral Space Force Station. The live launch broadcast begins no earlier than 2 p.m. EDT on July 30 at www.ulalaunch.com.
WASHINGTON (NASA PR) — NASA is leading an effort, working with the Department of Energy (DOE), to advance space nuclear technologies. The government team has selected three reactor design concept proposals for a nuclear thermal propulsion system. The reactor is a critical component of a nuclear thermal engine, which would utilize high-assay low-enriched uranium fuel.
WEST PALM BEACH, Fla., May 11, 2021 (Aerojet Rocketdyne PR) — Aerojet Rocketdyne recently completed a successful RL10C-X altitude hot fire test series that put the next generation engine through the rigors of a typical spaceflight mission. Using a test chamber that simulates the vacuum of outer space, the RL10C-X, which produces roughly 24,000 pounds of thrust, was tested in a flight-like configuration to demonstrate the engine’s capability to complete a typical mission profile, including multiple restarts.
The RL10C-X is the next evolution of the company’s RL10 upper-stage engine and contains major components – including the injector and combustion chamber – produced with the company’s industry-leading 3D printing technology.
BAY ST. LOUIS, Miss. (NASA PR) — The first core stage of NASA’s Space Launch System (SLS) rocket departs Stennis Space Center near Bay St. Louis, Mississippi, following completion of the Green Run series of tests of its design and systems. The stage now is in route to the agency’s Kennedy Space Center in Florida, its final stop prior to NASA’s launch of the Artemis I mission around the Moon. At Kennedy, the core stage will be integrated with the rest of the SLS rocket and the Orion spacecraft in preparation for launch. Through the Artemis program, NASA will return humans, including the first woman and first person of color, to the Moon and prepare for eventual journeys to Mars.
STENNIS SPACE CENTER, Miss. (Aerojet Rocketdyne PR) — Today (April 12), the world’s most powerful hydrogen-fueled rocket engine built by Aerojet Rocketdyne, the RS-68A, completed its final hot-fire acceptance test for use on the United Launch Alliance (ULA) Delta IV Heavy launch vehicle on the B-1 Test Stand at NASA’s Stennis Space Center in Mississippi.
STENNIS SPACE CENTER, Mississippi, March 18, 2021 (Boeing PR) — Deep space exploration took an important step forward today. The cryogenic core stage for NASA’s Space Launch System (SLS) rocket completed hot fire testing at NASA’s Stennis Space Center as part of the SLS rocket’s Green Run test campaign on the B-2 test stand. The test, which included a full-duration, eight-minute engine burn, demonstrated successful core stage operation and will be used to help certify the stage for flight.
“I want to thank the extraordinary individuals who make up the NASA, Aerojet Rocketdyne and Boeing teams who designed, developed, produced and tested the all-new SLS core stage to enable sustainable human exploration of deep space,” said John Shannon, Boeing SLS vice president and program manager.