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Prestigious Sacramento Company Is Sold

Sacramento's prestigious Aerojet company is being sold.

The Maryland-based Lockheed Martin Corporation announced yesterday they will be taking over Aerojet Rocketdyne Holdings. The deal is valued at over four-billion dollars. Aerojet is a rocket engine manufacturer that took part in the race to the moon. Lockheed chief executive James Taiclet says the deal will amplify the company as a leading provider of 21st century warfare solutions. Aerojet CEO Eileen Drake says this is a natural next phase.

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