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.
EL SEGUNDO, Calif., March 9, 2021 (Aerojet Rocketdyne PR) – Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) today announced that, at a special meeting held on March 9, 2021, Aerojet Rocketdyne’s stockholders approved the merger agreement providing for the proposed acquisition of Aerojet Rocketdyne by Lockheed Martin Corporation (NYSE: LMT).
Approximately 99.76% of the shares whose holders were present in person or by proxy at the special meeting were voted in favor of the adoption of the merger agreement and the transactions contemplated thereby, which represented approximately 78.78% of the total number of shares of Aerojet Rocketdyne common stock issued and outstanding as of the close of business on February 4, 2021, the record date for the special meeting.
The transaction is expected to close in the second half of 2021, pending receipt of regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and satisfaction of other closing conditions specified in the merger agreement.
About Aerojet Rocketdyne Holdings, Inc.
Aerojet Rocketdyne Holdings, Inc., headquartered in El Segundo, California, is an innovative technology-based manufacturer of aerospace and defense products and systems, with a real estate segment that includes activities related to the entitlement, sale, and leasing of the Company’s excess real estate assets. More information can be obtained by visiting the Company’s websites at www.rocket.com or www.aerojetrocketdyne.com.
Raytheon said it will challenge Lockheed Martin’s planned acquisition of Aerojet Rocketdyne on anti-trust grounds amid reports that federal regulators will extend their review of the deal. Bloomberg reports:
“They are a huge supplier to us, and if that merger actually happens, you don’t have an independent supplier on the solid-rocket-motor side. And also, I think it gives us pause as we think about the competitive landscape going forward,” Raytheon Chief Executive Officer Greg Hayes said Wednesday at the Barclays Industrial Select virtual conference.
The proposed $4.4 billion deal would have a top competitor absorb a key supplier of solid rocket motors used in Raytheon’s missile systems. Hayes said the company would relay its concerns about the deal to the U.S. antitrust authorities and the Defense Department.
Lockheed announced the acquisition in December in an effort to expand expand its foray into missile defense and futuristic space travel, targeting higher sales and cost savings as defense budgets tighten.
Reuters reports that the Federal Trade Commission is likely to extend its 60-day review of the planned acquisition, which was due to expire at midnight on Thursday.
The $4.4 billion dollar deal, announced late last year, has raised eyebrows because Lockheed would take over a company that produces 70% of the solid fuel rocket motors and other propulsion products used in everything from antiballistic missiles, to air-to-air missiles.
Lockheed’s CEO, Jim Taiclet, said the deal could put Lockheed into a strong position in the growing propulsion and hypersonic weapons market.
Still, Taiclet has said Lockheed would simultaneously remain a partner to Aerojet’s current customer base by “providing outstanding propulsion products for the entire industry.”
LOS ANGELES, Calif., Feb. 12, 2021 – Aerojet Rocketdyne recently received a contract award to deliver up to two Multi-Mission Radioisotope Thermoelectric Generators (MMRTG) to the U.S. Department of Energy (DOE) for use in future planetary science missions. MMRTGs are radioisotope power systems that have been used as reliable electrical power sources on multiple deep space missions, including NASA’s Perseverance Rover, which will land on Mars on Feb. 18.
BAY ST. LOUIS, Miss. (NASA PR) — Media are invited to attend NASA’s Space Launch System (SLS) rocket’s second Green Run hot fire – a test of the rocket’s core stage and all of its integrated systems before its flight on the Artemis I lunar mission. NASA is targeting the week of Feb. 21 for the test in the B-2 Test Stand at NASA’s Stennis Space Center near Bay St. Louis, Mississippi. The date for the test will be set following the test readiness review.
STENNIS SPACE CENTER, Miss., Jan. 27, 2021 (Aerojet Rocketdyne PR) — Aerojet Rocketdyne and NASA are gearing up for a new phase of RS-25 hot-fire testing that will validate new components for the engine, which powers the core stage of the agency’s Space Launch System super heavy-lift exploration rocket.
The Retrofit-2 test series, consisting of seven tests at NASA’s Stennis Space Center, is expected to begin Jan. 28 and run through June. Each hot-fire test will last up to 500 seconds on the A1 Test Stand.
BAY ST. LOUIS, Miss. (NASA PR) — NASA conducts the first hot fire Jan. 28 in a new series of tests for production of RS-25 engines that will help power the agency’s Space Launch System (SLS) rocket on future deep space missions. The test of RS-25 developmental engine No. 0528 on the A-1 Test Stand at Stennis Space Center near Bay St. Louis, Miss., marks the beginning of a seven-test series designed to provide valuable data to Aerojet Rocketdyne, lead contractor for SLS engines, as the company begins production of new RS-25 engines.
BAY ST. LOUIS, Miss. (NASA PR) — For the Green Run hot fire test on Jan. 16, NASA set out to acquire test data to support 23 detailed verification objectives. To satisfy the objectives, hot fire test data is used in combination with analysis and testing that has already been completed. These detailed verification objectives are used to certify the design of the Space Launch System rocket’s core stage.
BETHESDA, Md., Dec. 20, 2020 (Lockheed Martin PR) — Lockheed Martin Corporation (NYSE: LMT) today announced it has entered into a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) for $56 per share in cash, which is expected to be reduced to $51 per share after the payment of a pre-closing special dividend. This represents a post-dividend equity value of $4.6 billion and a total transaction value of $4.4 billion including the assumption of net cash.
As part of approving the transaction, Aerojet Rocketdyne announced a special cash dividend of $5 per share to its holders of record of common stock and convertible senior notes (on an as-converted basis, and revocable at its option through the payment date) as of the close of business on March 10, 2021, and payable on March 24, 2021.
WASHINGTON (NASA PR) — NASA has selected 17 U.S. companies for 20 partnerships to mature industry-developed space technologies for the Moon and beyond through the Space Technology Mission Directorate’s 2020 Announcement of Collaboration Opportunity (ACO).
The selected proposals are relevant to technology topic areas outlined in the solicitation, including cryogenic fluid management and propulsion; advanced propulsion; sustainable power; in-situ propellant and consumable production; intelligent/resilient systems and advanced robotics; advanced materials and structures; entry, descent, and landing; and small spacecraft technologies.
WASHINGTON (NASA PR) — NASA has selected 17 U.S. companies for 20 partnerships to mature industry-developed space technologies for the Moon and beyond. The NASA and industry teams will design a 3D printing system for NASA’s Artemis lunar exploration program, test a simple method for removing dust from planetary solar arrays, mature a first-stage rocket recovery system for a small satellite launch provider, and more.
Various NASA centers will work with the companies, ranging from small businesses and large aerospace companies to a previous NASA challenge winner, to provide expertise and access to the agency’s unique testing facilities. The partnerships aim to accelerate the development of emerging space capabilities.
FALLS CHURCH, Va, Sept. 8, 2020 (Northrop Grumman PR) – Northrop Grumman Corporation (NYSE: NOC) was selected by the U.S. Air Force to modernize the nation’s aging intercontinental ballistic missile (ICBM) system under a $13.3 billion contract awarded today for the engineering and manufacturing development (EMD) phase of the Ground Based Strategic Deterrent (GBSD) program.
The Air Force Nuclear Weapons Center announced that the effort will span 8.5 years and include weapon system design, qualification, test and evaluation and nuclear certification. Upon successful completion of EMD, the Northrop Grumman team will begin producing and delivering a modern and fully integrated weapon system to meet the Air Force schedule of initial operational capability by 2029.
by Lance Davis NASA’s Marshall Space Flight Center
NASA just validated a new type of propellant, or fuel, for spacecraft of all sizes. Instead of toxic hydrazine, space missions can use a less toxic, “green” propellant and the compatible technologies designed to go along with it. In a little over a year since launch, NASA’s Green Propellant Infusion Mission (GPIM) successfully proved a never-before-used propellant and propulsion system work as intended, demonstrating both are practical options for future missions.
EL SEGUNDO, Calif., Aug. 07, 2020 (Aerojet Rocketdyne PR) — The U.S. Air Force selected United Launch Alliance (ULA) as one of two launch service providers under the National Security Space Launch Phase 2 Launch Services Procurement (LSP).
EL SEGUNDO, Calif., July 20, 2020 (Aerojet Rocketdyne PR) — Aerojet Rocketdyne recently completed all of its propulsion hardware for the first crewed flight of NASA’s Space Launch System (SLS) rocket and Orion spacecraft.
The engines and motors, which Aerojet Rocketdyne produces at its major space operations sites across the country, will support NASA’s Artemis II mission. The Artemis II mission is the second flight of SLS and Orion and the first to send an astronaut crew to fly around the Moon.