Lockheed Martin to buy Aerojet Rocketdyne, growing rocket and missile holdings

With sparse few shopping days left in 2020, Lockheed Martin Corp. made a big purchase of the year, acquiring Aerojet Rocketdyne Holdings Inc. in a deal worth $4.4 billion. 

The move, unveiled on Dec. 20, provides the Bethesda, Maryland-based defense contracting giant (NYSE: LMT) an established player in the solid rocket propulsion market, which is critical for two business sectors that have commanded more attention in recent years: space and missiles. Read more here.