With Lockheed Deal In Doubt, Aerojet Faces Internal Crisis (From BreakingDefense)

Lexington COO Loren Thompson was quoted extensively in a BreakingDefense piece discussing the uncertain future of Aerojet Rocketdyne’s $4.4 billion merger with Lockheed Martin.

Ultimately, Thompson stated, Aerojet’s long-term future will depend on finding a new buyer “with big pockets.” However, its fortunes could change if there are leadership changes at Lockheed. “The only reason why Lockheed Martin was willing to offer over $4 billion for an enterprise that has annual revenues of $2 billion is because of the potential functional synergies,” he said. “It appears there’s nobody else on the horizon that has the rationale for paying that kind of money.” Read the full article here.