Aerojet Rocketdyne Awarded Multi-Year Contract to Power Additional Javelins
06/20/2023 - 12:00 PM
HUNTSVILLE, Ala., June 20, 2023 (GLOBE NEWSWIRE) -- In early April 2023, Aerojet Rocketdyne was awarded a two-year contract by Lockheed Martin, valued at $23.8 million , to continue its role in providing propulsion units for the Javelin missile.
“Aerojet Rocketdyne has powered more than 50,000 Javelin missiles since the program’s inception more than 20 years ago,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president. “We look forward to continuing to deliver the motors for this proven and reliable system that protects our warfighters, allies and strategic partners.”
Aerojet Rocketdyne produces an integrated launch and flight motor to safely propel the Javelin missile from launcher to target. The company was instrumental in advancing Javelin’s capabilities in the early 2000s by developing a motor to increase the missile’s range, culminating in the current Block 1 version of the program.
Javelin is developed and produced by the Javelin Joint Venture (JJV) between Raytheon Missiles & Defense in Tucson, Arizona, and Lockheed Martin in Orlando, Florida. Javelin is a versatile, one-man-portable and multi-purpose weapon system that provides the capability to defeat a broad spectrum of threats under all conditions. Javelin is currently in-service with the U.S. military and more than 20 allied countries.
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 www.AerojetRocketdyne.com @AerojetRdyne @DrakeEileen
Media Contact: eileen.lainez@rocket.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/20b28a82-c3d0-4e0c-89dd-3ab9c5a06df2
Aerojet Rocketdyne Holdings Inc
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AJRD Stock Data
Industry
Guided Missile and Space Vehicle Manufacturing
Sector
Manufacturing
Tags
Electronic Technology, Aerospace & Defense, Manufacturing, Guided Missile and Space Vehicle Manufacturing
Country
US
City
Rancho Cordova
About AJRD
aerojet rocketdyne holdings, inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the united states. the company operates through two segments, aerospace and defense, and real estate. the aerospace and defense segment offers aerospace and defense products and systems for the united states government, including the department of defense, the national aeronautics and space administration, and aerospace and defense prime contractors. this segment provides liquid and solid rocket propulsion systems, air-breathing hypersonic engines, and electric power and propulsion systems for space, defense, civil, and commercial applications; and armament systems. the real estate segment engages in the re-zoning, entitlement, sale, and leasing of the company's excess real estate assets. it owns approximately 11,394 acres of land adjacent to the united states highway 50 between rancho cordova and folsom, california east of sacramento. the company was formerly know
