Jim Tayclett, chief executive of Lockheed Martin, said the move to acquire the missile engine maker was rooted in the company’s future growth, particularly with regard to hypersonic weapons and missile defense systems being developed by the Pentagon, as well as the growth of the space business. .
Ken Posenried, Chief Financial Officer of Lockheed Martin, indicated that this merger would help improve new systems for missiles and space rockets by allowing the engineers of the two companies to work more closely together.
In terms of marine programs, the company, “Aeroget Rokitidin”, provides engines for ballistic missiles launched by Trident II D-5 submarines, engines for Raytheon Missile-2, SM-3 and SM-6 missiles, and Tomahawk missiles for ground targets .. The company is also working on developing a system. New propulsion for the lightweight Mk 54 torpedo. In addition, the company provides engines for the joint venture between “Lockheed” and “Boeing” (United Launch Alliance).
According to the Los Angeles Times, Aerogate’s space division is Lockheed Martin’s third largest business partner, accounting for 18 percent of the company’s 2019 profits.
The merger, which is expected to be completed in the middle of next year, must be approved by lawmakers in the administration of incoming US President Joseph Biden and are also seen by analysts as an early test of how the new White House will handle the consolidation of defense industries.
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