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Aerojet Rocketdyne is the premier, private sector manufacturer of rocket propulsion systems in the world. They have been building rocket propulsion systems for more than 60 years and have participated in virtually every major U.S. space and missile program since the beginning of the Cold War.
Volume 3 of Space Letter International published in September 2020 recommended purchasing Aerojet Rocketdyne (NYSE: AJRD) for approximately $44 per share. On December 20, 2020, Aerojet Rocketdyne announced that it had entered into a definitive agreement to be acquired by Lockheed Martin Corporation (NYSE: LMT) in an all-cash transaction, with a total equity value of $5.0 billion, for $56.00 per share in cash, representing a premium of approximately 27% to when Space Letter International recommended purchasing the stock.
HEADLINES & GLOBAL NEWS
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Feb 15, 2021 07:18 AM EST
The US Army will be getting new hypersonic weapons, said a top official, but in six months. The new missiles fly fast and can blow through enemy defense better than stealth fighters.
High-speed missiles are one of the most sought-after arms by nations that can afford it. These faster than supersonic are also one of the primary weapons to keep the US military at bay.
According to Lieutenant General L. Neil Thurgood, Army s Rapid Capabilities and Critical Technologies Office (RCCTO), he says that the process of getting the required technology to the military. Besides, a specialized program for training will be done, reported Eurasian Times.
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