It’s been a very long time coming, however rocket engine maker Aerojet Rocketdyne is, very possible, going to turn into half of a bigger aerospace and protection firm.
U.S. protection contractor
L3Harris Applied sciences
(ticker: LHX) introduced Sunday an settlement to purchase Aerojet for about $58 a share in money. The deal values Aerojet at about $4.7 billion together with firm debt.