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Lockheed Martin Inks $4.4B Deal to Acquire Aerojet Rocketdyne

From Reuters News – Reporting by Mike Stone in Washington, D.C., Editing by Greg Roumeliotis

Dec 20 (Reuters) – Lockheed Martin Corp (NYSE: LMT) said on Sunday that it has agreed acquire U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc (NYSE: AJRD) for $4.4 billion, including debt and net cash.

The deal is Lockheed’s biggest acquisition since Jim Taiclet took over as chief executive in June. He is seeking to beef up the company’s propulsion capabilities amid competition from new entrants such as SpaceX and Blue Origin, for space contracts with the U.S. government.

“Acquiring Aerojet Rocketdyne will preserve and strengthen an essential component of the domestic defense industrial base and reduce costs for our customers and the American taxpayer,” Taiclet said in a statement.

Lockheed said it will pay $56 per share for Aerojet Rocketdyne, a 33 percent premium to Friday’s closing price. The purchase price will be reduced to $51 per share after the payment of a pre-closing special dividend, Lockheed added.

The Bethesda, Maryland-based company already uses Aerojet Rocketdyne’s propulsion systems in its aeronautics, missiles and fire control offerings.

Lockheed said the transaction, which is set to be scrutinized by regulators given the company’s leading position in the defense sector, is expected to close in the second half of 2021.

A crowd that included Air Force leadership, congressional representatives and senators, executives and plant personnel from the Lockheed Martin Aeronautics Corporation attended a ceremony dedicating the delivery of the final F-22 Raptor in Marietta, Ga., May 2. (U.S. Air Force photo/Don Peek)

Boeing, U.S. Navy to Demo Future Ramjet Missile Technology

– The demonstrator will help the Navy determine technical requirements for future carrier-based weapons systems

Boeing [NYSE: BA] and the U.S. Navy will demonstrate advanced missile technologies that will make carrier air wing strike fighters more lethal against threats into the next decade.

Boeing has been awarded a $30 million contract from the Navy to co-develop the Supersonic Propulsion Enabled Advanced Ramjet (SPEAR) flight demonstrator with the Navy’s Air Warfare Center Weapons Division. The contract award comes after the Department of Defense requested information from the defense industry to help the Navy determine technical requirements of future carrier-based land and sea strike weapons systems.

“The SPEAR flight demonstrator will provide the F/A-18 Super Hornet and carrier strike group with significant improvements in range and survivability against advanced threat defensive systems,” said Steve Mercer, Boeing’s SPEAR program manager. “We have a talented team of engineers to meet the challenging technical demands and schedule timeline that the SPEAR program requires. We look forward to working with Navy experts to advance technologies for the Navy’s future capabilities.”

Boeing and the Navy Air Warfare Center Weapons Division plan to fly the SPEAR demonstrator in late 2022. Prior successes by Boeing in developing supersonic and hypersonic technologies include the X-51 Waverider test vehicle in 2010 and the Variable Flow Ducted Rocket propulsion system under the Triple Target Terminator program in 2014.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

SpaceX Launches First South-Bound Rocket From Florida in Decades

This evening, SpaceX launched another rocket from Florida, but this vehicle took a very different kind of path than most flights from the East Coast. Rather than head eastward after launch as most Florida missions do, SpaceX’s Falcon 9 rocket headed south after liftoff, skirting over Florida’s southeast coast and heading over Cuba.

That’s because this mission was headed to what is known as a polar orbit — a path that runs mostly north-to-south over the Earth’s poles. It’s a type of mission you don’t normally see taking place from Florida. In fact, this will be the first time since 1969 that a rocket taking off from Florida heads southward.

Up until now, most polar launches in the US have taken place from the southern coast of California. That way, the rockets fly over open ocean when they head southward and not over populated land. Rockets that launch from Florida head eastward toward the equator, so that they also fly over mostly open ocean before getting to space.

Click the link below for the full story and video!

https://www.theverge.com/2020/8/30/21407389/spacex-falcon-9-rocket-launch-polar-orbit-cape-canaveral-florida

Boeing X-37B Launches in Second Mission for U.S. Space Force

The Boeing [NYSE: BA]-built X-37B autonomous spaceplane today launched on top of a uniquely configured United Launch Alliance Atlas V rocket.

Boeing is the prime contractor for the X-37B spaceplane and facilitates the integration of all experiments into the vehicle ensuring they receive the correct power, thermal and data services required. Boeing also works to identify future reusable platform experiment opportunities on each mission.

The X-37B’s sixth mission is the first to use a service module with additional payload capability to support a variety of experiments for multiple government partners. The mission will deploy FalconSAT-8, a small satellite developed by the U.S. Air Force Academy and sponsored by the Air Force Research Laboratory, to conduct experiments on orbit. Further, two NASA experiments will study the impact of radiation and other space effects on certain materials and seeds used to grow food. Another experiment by the Naval Research Laboratory will transform solar power into radio frequency microwave energy which could then be transmitted to the ground. In addition, the mission will test reusable space vehicle technologies.

The X-37B first launched in April 2010. Originally designed for missions of 270 days duration, the X-37B has set endurance records during each of its five previous flights. Most recently, X-37B spent 780 days on orbit before returning to Earth in October 2019.

“The X-37B has shifted the paradigm and redefined efficiency in space development, said Jim Chilton, Boeing Space and Launch senior vice president. “The rapid technology advancements enabled by the program will benefit the entire space community and influence the next generation of spacecraft design.”

The X-37B program is a partnership between the Department of the Air Force Rapid Capabilities Office and the United States Space Force. Boeing program management, engineering, test and mission support functions for the Orbital Test Vehicle (OTV) program are conducted at Boeing sites in Southern California and Florida.

Aerojet Rocketdyne RL10 Engine Marks 500th Flight with AEHF-6 Launch

CAPE CANAVERAL, Fla., March 26, 2020 (GLOBE NEWSWIRE) — The successful March 26 launch of the U.S. Space Force’s sixth and final Advanced Extremely High Frequency (AEHF) military communications satellite aboard a United Launch Alliance (ULA) Atlas V rocket marked the 500th flight of Aerojet Rocketdyne’s RL10 upper-stage engine.

The RL10, which powers the ULA Atlas V Centaur upper stage, is one of several Aerojet Rocketdyne propulsion products supporting the mission. Aerojet Rocketdyne propulsion can be found on both the rocket and the AEHF-6 satellite. Built by Lockheed Martin, the AEHF satellites provide secure, jam-proof communications, including nuclear command and control, to U.S. and allied forces.

“This launch marks an important milestone for Aerojet Rocketdyne and for the country,” said Eileen Drake, Aerojet Rocketdyne’s CEO and president. “The RL10 has supported a majority of the nation’s most important national security and scientific missions, including all of the AEHF satellites which provide communication links that are critical to our warfighters.”

The Atlas V in the 551 configuration is the most powerful vehicle in the Atlas V family, featuring five Aerojet Rocketdyne AJ-60A solid rocket strap-on motors, each generating 348,500 pounds of thrust. Designed specifically to provide extra lifting power to the Atlas V, the AJ-60A is the world’s largest monolithic solid rocket motor ever flown.

The AEHF-6 satellite, meanwhile, is outfitted with three different types of Aerojet Rocketdyne thrusters for attitude control, orbital station keeping and maneuvering. These include 12 MR-103G and six MR-106E monopropellant thrusters; and four, 5-kilowatt-class XR-5 Hall-effect electric thrusters and associated power processing systems.

The Atlas V also uses Aerojet Rocketdyne reaction control thrusters on the Centaur upper stage, as well as pressure vessels provided by ARDÉ, an Aerojet Rocketdyne subsidiary. The rocket launched from Cape Canaveral Air Force Station, Florida, and the AEHF-6 satellite is on its way to its operating location in geostationary orbit.

In addition to the Atlas V, the RL10 also powers the upper stage of ULA’s Delta IV Heavy rocket. The RL10 has helped place hundreds of military, civil and commercial satellites into Earth orbit and has sent spacecraft to explore every planet in our solar system. The RL10’s proven reliability over more than five decades of service has made it the upper-stage engine of choice for three new rockets under development, including ULA’s Vulcan Centaur, Northrop Grumman’s OmegA, and NASA’s Space Launch System.

About Aerojet Rocketdyne: Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (AJRD), is a world-recognized aerospace and defense leader that provides propulsion systems and energetics to the space, missile defense and strategic systems, and tactical systems areas, in support of domestic and international customers.

Dragon Capsule has Arrived at the International Space Station

SpaceX’s Dragon capsule arrived at the International Space Station on March 9, 2020 and was docked at 3:25 a.m. PDT while flying over 262 statute miles over the Pacific Northwest. The spacecraft was then installed on the Harmony module for the duration of its four-week stay at the orbiting laboratory.

Filled with approximately 4,500 pounds of supplies and payloads, Dragon launched aboard a Falcon 9 rocket on March 6, 2020 from Cape Canaveral Air Force Station in Florida. The Dragon spacecraft that supported the CRS-20 mission previously supported the CRS-10 mission in February 2017 and the CRS-16 mission in December 2018. Dragon is the only spacecraft currently flying that’s capable of returning significant amounts of cargo to Earth.

OneWeb Lifts Off: Next Batch Ready to Launch

EXPLORATION PARK, Florida – 34 satellites for the OneWeb constellation are ready for launch from Baikonur, Kazakhstan. The satellites arrived in two shipments, including one last week, have been tested, and have now been fitted into the dispenser of the Soyuz-2.1b rocket. OneWeb’s upcoming launch of 34 satellites has been scheduled for Thursday 6 February 21:42 (GMT) / Friday 7 February 02:42 (local time) from the historic Baikonur Cosmodrome, Kazakhstan.

“This launch will be a massive step forward for OneWeb – one step closer to the ambition of improving global connectivity. These 34 satellites will join the six currently operating flawlessly in orbit. Our joint venture OneWeb Satellites produces two satellites a day – in series production, just like Airbus makes planes,” said Jean-Marc Nasr, Head of Airbus Space Systems.

The satellites, which are manufactured at 1/50th of the cost of a traditional spacecraft, are all fitted with plasma thrusters enabling them to reach their correct position in low Earth orbit at 1,200km.

“Watching the first batch of our factory-built satellites launch from the Soyuz will be the realisation of a four-year journey… and just the beginning,” said Tony Gingiss, CEO OneWeb Satellites. “Our factory continues to ramp up and streamline our production to deliver the next batch… and the next… and the next!”

The OneWeb constellation will provide global connectivity with an initial 650 satellites. OneWeb’s mission is to provide affordable, high-speed internet connectivity everywhere for everyone, by 2021.

After this first launch from Baikonur, OneWeb is planning to launch around 30 satellites with Soyuz rockets every month.

SpaceX Dragon Resupply Mission (CRS-19) Splashdown

Packed with about 3,800 pounds of cargo and science, SpaceX’s Dragon spacecraft departed the International Space Station on Tuesday, January 7. A parachute-assisted splashdown in the Pacific Ocean occurred that morning just west of Baja California. A recovery team then secured Dragon on a boat for the return trip to the Port of Los Angeles, wrapping up SpaceX’s 19th resupply mission to the space station.

Filled with approximately 5,700 pounds of supplies and payloads, Dragon launched aboard a Falcon 9 rocket on December 5, 2019 from Cape Canaveral Air Force Station in Florida and arrived at the space station on December 8. The Dragon spacecraft supporting the CRS-19 mission previously supported the CRS-4 mission in September 2014 and the CRS-11 mission in June 2017. Dragon is the only spacecraft currently flying that is capable of returning significant amounts of cargo to Earth.

Boeing Rolls Out First Space Launch System Core Stage for Delivery to NASA

  • Teams at Stennis Space Center prepare for core stage hot-fire testing ahead of Artemis I lunar mission

Boeing [NYSE: BA] today delivered the core stage of NASA’s first Space Launch System (SLS) deep space exploration rocket, moving it out of the NASA Michoud Assembly Facility in New Orleans to the agency’s Pegasus barge.

The event marks the first time a completed rocket stage has shipped out of Michoud since the end of the Apollo program. SLS Core Stage 1 is the largest single rocket stage ever built by NASA and its industry partners.

The rollout follows several weeks of final testing and check-outs after NASA’s declaration of “core stage complete” during a December 9 Artemis Day celebration at Michoud.

NASA will transport the SLS core stage to its Stennis Space Center in Bay St. Louis, Mississippi, in the next few days for “Green Run” hot-fire engine tests later this year.  After inspection and refurbishing for launch, the stage moves to Kennedy Space Center in Florida. At Kennedy, the core stage will be integrated with the Interim Cryogenic Upper Stage (ICPS) and NASA’s Orion spacecraft for the uncrewed Artemis I mission around the moon – the first launch of a human-rated spacecraft to the Moon since Apollo 17 in 1972.

“The Boeing SLS team has worked shoulder-to-shoulder with NASA and our supplier partners to face multiple challenges with ingenuity and perseverance, while keeping safety and quality at the forefront,” said John Shannon, Boeing SLS vice president and program manager.

SLS is the world’s most powerful rocket, evolvable and built to carry astronauts and cargo farther and faster than any rocket in history.  Its unmatched capabilities will deliver human-rated spacecraft, habitats and science missions to the moon, Mars and beyond as part of NASA’s Artemis program.

“We are applying what we’ve learned from development of the first core stage to accelerate work on core stages 2 and 3, already in production at Michoud, as well as the Exploration Upper Stage that will power NASA’s most ambitious Artemis missions,” said Shannon.

Space Launch System Core stage 1 rollout from Michoud Assembly Facility to NASA’s Pegasus barge; for Green Run test. MSF20-0002 Series. Leanne Caret_President and CEO of Boeing Defense, Space & Security.
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