The agreement on the all-cash transaction includes a $5 per share, pre-closing special dividends to Aerojet’s shareholders, reducing the post-dividend value of the deal to $4.6 billion.
The missile forms a critical element of the Pentagon’s fast-track plan to develop a range of high-speed stand-off strike and cruise weapons to counter new Chinese and Russian hypersonic capabilities.
The U.S. Navy awarded L3Harris a $496 million contract to launch the four-year engineering and manufacturing development (EMD) phase of the NGJ-LB program.
Epirus, a startup building high-power microwave (HPM) applications for UAV deployment, closed a $70 million funding round that included an investment by L3Harris Technologies.
The U.S. Commerce Department on Dec. 18 added 77 mostly Chinese companies, including small drone manufacturer DJI, to its Entity List of companies subject to export restrictions “for actions deemed contrary” to U.S. interests.
Altitude Angel and Inmarsat have demonstrated a deployable UTM system that incorporates satellite communications to track drones flying beyond the visual range of an operator.
Arianespace and the European Space Agency (ESA) have confirmed the root cause of the Vega launcher failure on Nov. 16 lay in the assembly process, as opposed to being a design flaw.
The Department of Energy says the recently disclosed cyberattack against the agency did not compromise the National Nuclear Security Administration’s classified systems, but the breach is still causing a stir on Capitol Hill.
Cost sharing for the third phase of National Security Space Launch contracts will likely require more investment from the government than industry, according to United Launch Alliance Chief Executive Officer Tory Bruno.
Israel’s Missile Defense Organization and the U.S. Missile Defense Agency have completed a series of missile defense tests that indicate Israel’s multilayered air defenses can intercept incoming threats simultaneously.
An independent report commissioned by Lockheed Martin suggests that the F-35 program could generate as much as £40 billion ($53.9 billion) for the UK economy up to 2038.
The council of the European Space Agency has appointed Josef Aschbacher—currently ESA’s director of Earth observation programs—as the next director general, replacing Jan Woerner in 2021.
The Joint Interagency Task Force-South is advocating that the military services bring aircraft for training to the U.S. Southern Command area of responsibility instead of a range stateside.
NASA and the Canadian Space Agency have finalized an agreement for Canada’s participation in the development of a lunar-orbiting, human-tended Gateway.
Germany’s ambitions for a smallsat launch capability from the North Sea has prompted the formation of a consortium to develop a ship-launch capability.
The Amazon executive overseeing the Kuiper satellite constellation and connectivity service has said that the internet business behemoth will look to multiple rocket launch providers for access to space, even though launch provider Blue Origin is owned by Amazon founder Jeff Bezos.
