The data mining specialist will collaborate with Lockheed Martin to upgrade U.S. Navy combat systems.
In 2015, Aerojet Rocketdyne (NYSE: AJRD) had a problem. Actually, it had a couple of problems, but the most obvious one was this: In five years' time, Aerojet had succeeded in doubling its revenues to $1.7 billion. 2015 was Aerojet's second money-losing year in a row -- its third year of losing money out of the previous five.
With $126 billion in market capitalization, Lockheed Martin (NYSE: LMT) is the world's largest publicly traded aerospace company. Within Lockheed, though, the "space" part of "aerospace" did only $12.2 billion in sales last year, making Space the smallest of Lockheed's four main business divisions. Lockheed Martin made headlines earlier this month when NASA's new Space Launch System (SLS) megarocket blasted off in a blaze of glory, bound for the moon.