Lockheed Martin purchases Aerojet Rocketdyne in $5 billion deal

Lockheed Martin announced Sunday it has purchased Aerojet Rocketdyne for $5 billion in a transaction involving two major high-tech companies with strong presence in Huntsville.

Lockheed Martin has operated in Cummings Research Park for almost 60 years after being recruited to Huntsville by Wernher von Braun while Aerojet Rocketdyne opened its defense headquarters in the park last year as well as its advanced manufacturing facility in North Huntsville Industrial Park.

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