$5 Billion for Rocketdyne? Why Would Lockheed Martin Pay That?
"Space" isn't Lockheed Martin's (NYSE: LMT) biggest business. At $11.2 billion in revenue last year, it actually came in third out of the defense company's four main business units. "Space" isn't Lockheed Martin's most profitable business, either. With just $1.2 billion in operating profit, space contributed least to the bottom line of any LockMart business unit in 2019.
But come next year, "space" could be the reason that Lockheed Martin both books more revenue and earns more profit than it's ever done before.
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Source Fool.com
