Share this article Share this article ResearchAndMarkets.com's offering. 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.