- We've written about Aerojet Rocketdyne on these pages regularly since January 2019, sporadically since 2017.
- In addition to the many fundamental appeals of the company and its stock, we've flagged consistently that the stock could deliver upside via a sale of the company.
- That sale was just announced, a $56/share total value all-cash purchase by Lockheed Martin.
- We believe the acquisition will be a boon to Lockheed Martin's space business, and we anticipate moving to Buy on Lockheed in due course.
For further details see:
Lockheed Martin Buys Aerojet Rocketdyne To Accelerate Its Space Program