Lockheed announced a $4.4 billion agreement to buy Aerojet late last year, but the deal has raised eyebrows because it would give Lockheed - the No. 1 defense contractor - ownership of a vital piece of the U.S. missile industry. Aerojet motors are used in everything from the homeland missile shield to Stinger missiles.

Who bought out Aerojet?

EL SEGUNDO, Calif., March 9, 2021 – Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) today announced that, at a special meeting held on March 9, 2021, Aerojet Rocketdyne's stockholders approved the merger agreement providing for the proposed acquisition of Aerojet Rocketdyne by Lockheed Martin Corporation (NYSE: LMT).

What company did Lockheed Martin buy?

About a year after the merger of Lockheed Corp. and Martin Marietta Corp., the newly created Lockheed Martin acquired the majority of military electronics company Loral Corp for $9.1 billion.