Posts tagged: Mergers & PartnershipsAM IndustryDefenseIndustrial Additive Manufacturing

L3Harris Technologies (NYSE: LHX) and Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) signed a definitive agreement for L3Harris to acquire Aerojet Rocketdyne for $58 per share, in an all-cash transaction valued at $4.7 billion, inclusive of net debt. Lockheed Martin has entered an agreement to acquire Aerojet Rocketdyne in 2020 but that was blocked by the FTC, in the agency’s first litigated defense merger challenge in decades.

Fortify, a full-stack materials science and digital manufacturing company, announced today that it has received a strategic investment from Lockheed Martin Ventures, the venture capital arm of Lockheed Martin Corporation (NYSE: LMT). The funds will be used for the process and material development of additive manufacturing of RF (radio frequency) devices.