STOCK TITAN

Aerojet Rocketdyne Delivers 830,000th Attitude Control Motor for Patriot Missile as Investments Enable 40% Increase in Production

Aerojet Rocketdyne has delivered its 830,000th Attitude Control Motor (ACM) for the Patriot missile system, including the PAC-3 Missile Segment Enhancement (MSE).

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Tags

Rhea-AI Summary

Aerojet Rocketdyne has delivered its 830,000th Attitude Control Motor (ACM) for the Patriot missile system, including the PAC-3 Missile Segment Enhancement (MSE). This milestone is crucial given the rising demand for defense systems. Investments in production facilities have increased ACM output by 40%, allowing the transition from two to three production lines. Each PAC-3 MSE missile uses 180 ACMs for precise guidance. Aerojet Rocketdyne has been supplying ACMs since 2004 and also contributes a dual-pulse solid rocket motor for the system. The company continues to enhance its production capabilities with new facilities and advanced equipment.

Loading...
Loading translation...

Positive

  • Increased ACM production by 40% due to investments.
  • Delivered the 830,000th ACM, highlighting production reliability.
  • New facility opened to produce dual-pulse motor, improving operational efficiency.

Negative

  • None.
Argus Session date unavailable
+0.07% session move Open Argus
Details

News Market Reaction – AJRD

The recorded move for AJRD in the trading session of this news was +0.07%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

HUNTSVILLE, Ala., Feb. 27, 2023 (GLOBE NEWSWIRE) -- As company investments enable significant increases in production, Aerojet Rocketdyne has now delivered the 830,000th Attitude Control Motor (ACM) for Patriot missile system variants, including the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE).

“We take great pride in our role powering the PAC-3 MSE air defense missile system, and this milestone comes at a uniquely important time as the demand for key defense systems continues to increase,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president. “Our investments to expand production for this critical system will ensure we are able to meet continued demand for our reliable propulsion.”

Investments in ACM production, including significant building upgrades, increased manufacturing space, improvements to automated production processes and new state-of-the-art equipment, such as laser welders, filament winders and grinders, resulted in reduced labor hours, and fewer parts and motor transfers within the ACM building. The investments allowed the site to move from two to three production lines, increasing ACM production by 40%.

Each Lockheed Martin PAC-3 MSE missile contains 180 egg-sized ACMs that fire explosively to refine the missile’s course and ensure impact. Of the 830,000 ACMs Aerojet Rocketdyne has delivered since the program’s inception, more than 700,000 were produced at Aerojet Rocketdyne’s Solid Rocket Motor Center of Excellence in Camden, Arkansas.

In addition to the missile’s ACMs, Aerojet Rocketdyne provides the PAC-3 MSE’s dual-pulse solid rocket motor and the lethality enhancer. Separate from company investment into ACM production, last year Camden opened a new 51,000 sq. ft. facility where the company is now producing the PAC-3 MSE’s revolutionary dual-pulse motor. The new building consolidated multiple manufacturing activities under one roof and added advanced equipment, improving operational efficiency, increasing production capacity, reducing costs, and providing for even safer operations.

Aerojet Rocketdyne has supported the PAC-3 missile system since its inception and has provided ACMs for the program since 2004.

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, 571-239-7839
eileen.lainez@rocket.com

 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e9f9e1a-4814-4f03-ae94-0bcc80f099ce


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the significance of the 830,000th ACM delivery by AJRD?

The delivery of the 830,000th Attitude Control Motor (ACM) underscores Aerojet Rocketdyne's role in supporting the Patriot missile system, reflecting increased production capabilities.

How has Aerojet Rocketdyne improved its ACM production?

Aerojet Rocketdyne has improved ACM production by 40% through investments in manufacturing upgrades, including advanced equipment and expanded production lines.

What systems utilize the ACM produced by Aerojet Rocketdyne?

The ACMs produced by Aerojet Rocketdyne are used in the Patriot missile system, particularly in the PAC-3 Missile Segment Enhancement (MSE) missiles.

When did Aerojet Rocketdyne start supplying ACMs for the Patriot missile system?

Aerojet Rocketdyne has been supplying Attitude Control Motors (ACMs) for the Patriot missile system since 2004.

What recent investments has Aerojet Rocketdyne made in production?

Recent investments include significant upgrades to facilities, increasing manufacturing space, and introducing advanced production processes.

Keep reading