Aerojet Rocketdyne to acquire Coleman Aerospace

By John Liang / February 22, 2017 at 3:00 PM
Aerojet Rocketdyne announced Wednesday it has agreed to buy Orlando, FL-based Coleman Aerospace from L3 Technologies for $15 million in cash. The purchase expands Aerojet's portfolio into the target missile vehicle business, according to an Aerojet statement. The Coleman purchase is "that next step" that would allow Aerojet Rocketdyne to integrate, for instance, the SR-19 rocket motors used for missile defense targets into the full target system itself, Tyler Evans, head of advanced defense programs at Aerojet, told reporters during...

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