China News Service, Houston, December 20. Lockheed Martin Corporation of the United States said on the 20th that it agreed to spend US$4.4 billion to acquire Rocket Dyne Aerospace Holdings, a US rocket engine manufacturer.
According to Bloomberg News, Lockheed Martin issued a statement on the 20th that the transaction is expected to be completed in the second half of 2021 after obtaining the approval of the US regulators and Lockdyne Aerospace Holdings shareholders.
Data map: On May 30, local time, the first manned flight trial of NASA's Commercial Crew Aviation Program (CPP) was successfully launched.
The media said that after Jim Teckley took over as the chief executive officer of Lockheed Martin in June of this year, he is seeking to increase the company’s propulsion so as to compete with companies such as SpaceX and Blue Origin. Follow the commercial cooperation opportunities provided by NASA.
The United Launch Alliance, a joint venture between Lockheed Martin and Boeing, is competing with SpaceX in NASA's commercial rocket launch cooperation.
Lockheed Martin’s aviation business is its third largest business segment, contributing approximately 18% of its total revenue in fiscal 2019.
According to Reuters, in November this year, Lockheed Martin also completed the acquisition of the American Integrated Innovation Corporation, a hypersonic weapon software manufacturer.
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