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.
HUNTSVILLE, Ala. (NASA PR) — NASA and 11 commercial partners recently completed a series of technical studies, demonstrations and ground prototypes for 21st Century human landing systems. The Next Space Technology Exploration Partnerships (NextSTEP) Appendix E work helped the agency refine its Artemis program requirements for the companies competing to build the landers that will take American astronauts to the Moon throughout this decade.
REDMOND, Wash., May 19, 2020 (Aerojet Rocketdyne PR) – The dual chemical and electric propulsion systems for NASA’s Double Asteroid Redirection Test (DART) were recently delivered by Aerojet Rocketdyne to the Johns Hopkins Applied Physics Laboratory (APL) in Laurel, Maryland.
The chemical propulsion system and the electric propulsion Xenon feed system have been undergoing assembly and integration onto the spacecraft structure at Aerojet Rocketdyne’s facility in Redmond, Washington, since August 2019.
Cape Canaveral Air Force Station, Fla., May 17, 2020 ULA PR) –A United Launch Alliance (ULA) Atlas V 501 rocket carrying the USSF-7 mission for the U.S. Space Force lifted off on May 17, 9:14 a.m. EDT, from Space Launch Complex-41. This marks the 84th successful launch of an Atlas V rocket, 139th launch for ULA, the second launch for the U.S. Space Force and the sixth flight of the X-37B Orbital Test Vehicle (OTV-6).
SACRAMENTO, Calif. (NASA PR) — NASA has awarded a contract to Aerojet Rocketdyne of Sacramento, California, to manufacture 18 additional Space Launch System (SLS) RS-25 rocket engines to support Artemis missions to the Moon.
The follow-on contract to produce 18 engines is valued at $1.79 billion. This includes labor to build and test the engines, produce tooling and support SLS flights powered by the engines. This modifies the initial contract awarded in November 2015 to recertify and produce six new RS-25 engines and brings the total contract value to almost $3.5 billion with a period of performance through Sept. 30, 2029, and a total of 24 engines to support as many as six additional SLS flights.
Cape Canaveral Air Force Station, Fla., March 26, 2020 (ULA PR) – A United Launch Alliance (ULA) Atlas V rocket carrying the sixth Advanced Extremely High Frequency (AEHF) communications satellite for the U.S. Space Force’s Space and Missile Systems Center lifted off from Space Launch Complex-41 on March 26 at 4:18 p.m. EDT. This marks the 83rd successful launch of an Atlas V rocket, 138th launch for ULA and first mission for the U.S. Space Force.
CLEVELAND (NASA PR) — After undergoing a series of performance and environmental tests, NASA’s Evolutionary Xenon Thruster – Commercial (NEXT-C) is being prepared for the Double Asteroid Redirection Test (DART) Mission, which will launch next year.
In the past few months, the thruster, developed at NASA’s Glenn Research Center in Cleveland and designed and built by Aerojet Rocketdyne, was put through vibration, thermal vacuum and performance tests and then integrated with its power processing unit. The environmental testing verified that NEXT-C could withstand the extreme launch vibrations and temperatures of spaceflight.
DART will be the first space mission to demonstrate asteroid deflection by kinetic impact, a technique that could prevent a hazardous asteroid from impacting Earth by changing the motion of the asteroid in space. NEXT-C’s propulsion system will be tested on that mission, along with several other technologies.
When the propulsion system is successfully demonstrated on DART, NEXT-C will be considered on a variety of 10 to 15 year-long, uncrewed missions that could include going to other asteroids, comets or planets such as Venus.
EL SEGUNDO, Calif. (Aerojet Rocketdyne PR) — From start to finish, Aerojet Rocketdyne will play a major role in Boeing’s first demonstration mission of the CST-100 Starliner spacecraft for NASA, ushering in a new era of human spaceflight. The Starliner Orbital Flight Test (OFT) demonstration is slated to launch Dec. 20, 2019 from Cape Canaveral Air Force Station in Florida.
HUNTSVILLE, Ala., Dec. 04, 2019 (Aerojet Rocketdyne PR) — Aerojet Rocketdyne is ready to begin producing large solid rocket motor carbon fiber cases in the Rocket City following installation and calibration of a key machine at its new Advanced Manufacturing Facility (AMF).