STOCK TITAN

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

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

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


Aerojet Rocketdyne Holdings Inc

NYSE:AJRD

AJRD Rankings

AJRD Latest News

AJRD Stock Data

Guided Missile and Space Vehicle Manufacturing
Manufacturing
Link
Electronic Technology, Aerospace & Defense, Manufacturing, Guided Missile and Space Vehicle Manufacturing
US
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