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Lockheed Martin in ‘Late Stage Negotiations’ With Company to Create Solid Rocket Motor Provider

Lockheed Martin in ‘Late Stage Negotiations’ With Company to Create Solid Rocket Motor Provider
Australian Defense Minister Pat Conroy examines the undercarriage of a P-8C Poseidon. Australia plans to equip the Poseidon with LRASM (Australian Defence Force Photo)

Lockheed Martin [LMT] is pursuing the creation of a provider of solid rocket motors beyond the two main suppliers--Northrop Grumman [NOC] through its 2018 buy of Orbital ATK and L3Harris [LHX] through its recent acquisition of Aerojet Rocketdyne. "We are endeavoring as a defense company to create another supplier," James Taiclet, the president of Lockheed Martin, testified at a Sept. 20 hearing of the House Armed Services Committee's cyber, information technologies, and innovation (CITI) panel in response to a question from…

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