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Aerojet Vice President Julie Van Kleeck declined comment on reports that Aerojet has offered $2 billion to acquire United Launch Alliance (ULA), a 50-50 rocket launch venture of Lockheed Martin Corp and Boeing Co.

Oshkosh won the Pentagon’s $30 billion sweepstakes to replace the U.S. Army’s Humvee with up to 55,000 new Joint Light Tactical Vehicles, or JTLVs, over the next 25 years, service officials said.

More recently, Sikorsky revenues fell following weaker demand from the oil and gas sector, with the company providing helicopters for the offshore oil and gas industries.

“The addition of the unit will be seen as a complementary piece to Lockheed Martin’s defense business, which counts the F-35 fighter jet in its product stable, and will deepen Lockheed Martin’s footprint as the largest defense contractor”, Briefing.com said.

United Technologies Corp. officially announced Monday morning that it has reached an agreement to sell Stratford-based Sikorsky Aircraft to Lockheed Martin Corp. for billion in cash.

Lockheed’s strategic review, meanwhile, will focus on alternatives for its government IT and technical services businesses.