Aerojet Rocketdyne Awarded $215.6M to Supplement Ongoing Modernization Efforts and Increase Solid Rocket Motor Manufacturing Capacity
14 Avril 2023 - 9:57PM
Aerojet Rocketdyne has entered into a $215.6 million Cooperative
Agreement with the Defense Department to increase domestic rocket
propulsion manufacturing capacity to meet increased warfighter
demand for tactical missile systems used by the Department of
Defense (DoD).
Through the Cooperative Agreement with the Office of
Manufacturing Capability Expansion and Investment Prioritization
(MCEIP), Aerojet Rocketdyne will build additional modernized
facilities, purchase advanced equipment, and automate manufacturing
processes to support increased production demand primarily focused
on Javelin, Stinger and the Guided Multiple Launch Rocket System
(GMLRS). Enhanced modernization of solid rocket motor production
will directly support industry primes and military services. The
company will also implement elements of Digital Transformation that
align our enterprise with DoD’s Digital Modernization Strategy to
afford the Joint Force a competitive advantage in the modern
battlespace.
“These funds will build upon our own significant investments in
modern, efficient facilities and innovative technologies and
processes to design and develop advanced propulsion systems to
support the defense missions of tomorrow,” said Eileen P. Drake,
Aerojet Rocketdyne’s CEO and president.
Aerojet Rocketdyne’s ongoing modernization efforts include
building state-of-the-art facilities and automating manufacturing
processes. Recent investments include a new 51,000 sq. ft. facility
at our Camden, Arkansas, site that consolidates solid rocket motor
manufacturing activities, improving both efficiency and safety,
increasing production capacity, and reducing costs. The company
recently leased a massive 379,000 sq. ft. facility to expand
manufacturing capability in Huntsville, Alabama, where it will
produce inert components to support solid rocket motors for a range
of defense programs. The company also opened a new space at its
Coleman Aerospace site, where employees are producing the
innovative Stored Chemical Energy Propulsion System for next
generation torpedoes.
The Aerojet Rocketdyne team has powered tactical, air defense,
missile defense and strategic deterrence weapon systems for
decades. This Cooperative Agreement will enable Aerojet Rocketdyne
to provide critical propulsion capability to DoD well into the
future.
About Aerojet Rocketdyne: Aerojet Rocketdyne, a
subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), is a
world-recognized aerospace and defense leader that provides
propulsion systems and energetics to the space, missile defense and
strategic systems, and tactical systems areas, in support of
domestic and international customers. For more information, visit
www.Rocket.com and www.AerojetRocketdyne.com. Follow Aerojet
Rocketdyne and CEO Eileen Drake on Twitter at @AerojetRdyne and
@DrakeEileen.
Media Contact:Eileen Lainez, Aerojet
Rocketdyne, 571-239-7839eileen.lainez@rocket.com
Aerojet Rocketdyne (NYSE:AJRD)
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