Lockheed Martin's purchase of Aerojet Rocketdyne delayed to Q1 2022
27 October 2021
by Marc Selinger
Lockheed Martin, which had expected to finish its acquisition of propulsion manufacturer Aerojet Rocketdyne in the fourth quarter of 2021, disclosed on 26 October that it forecasts it will complete the transaction in the first quarter of 2022.
The US defence contractor did not give a specific reason for the delay; however, it indicated that the USD4.4 billion deal remains in the regulatory approval process. The Federal Trade Commission is leading the US government's multi-agency review of the
The Australian Department of Defence (DoD) launched on 26 November a new agency to support local firms' entrance and expansion in the country's defence market.
The Office of Defence Industry Support (ODIS) replaces the Centre for Defence Industry Capability (CDIC), which was established in December 2016.
ODIS advertises itself as a “one-stop shop” for small and medium-sized enterprises (SMEs) that do business with the DoD.
It said its key services include direct links between SMEs and defence procurement programmes and military end-users; identifying SMEs that can meet Australia's defence requirements; and assisting SMEs to co-operate with end-users.
Rheinmetall Group has agreed to acquire the assets of EMT, whose products include the newly developed Luna Next Generation (NG) reconnaissance unmanned aerial vehicle. (EMT)
German conglomerate Rheinmetall Group plans to expand its defence technology offering by acquiring the operating activities, personnel, and real estate of EMT, a financially struggling Bavarian business that makes unmanned aerial vehicles for reconnaissance missions, Rheinmetall announced on 23 November.
The Power of Geography: A conversation with Tim Marshall
In this episode of the Janes podcast, Tim Marshall, journalist and author of The Power of Geography, in conversation with Terry Pattar, examine how our politics, demographics, economies and societies are determined by geography.
Tim Marshall w...