Aerojet Rocketdyne Teams with Lockheed Martin to Develop Long Range Maneuverable Fires Missile
06/21/2023 - 12:00 PM
HUNTSVILLE, Ala., June 21, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne will develop an advanced propulsion solution for the Long Range Maneuverable Fires (LRMF) missile that Lockheed Martin is developing for the U.S. Army.
The LRMF missile is a precision fires missile that will launch from existing U.S. Army launchers, like HIMARS, to engage targets at ranges that significantly exceed those of the Precision Strike Missile (PrSM) baseline.
“Aerojet Rocketdyne propulsion has powered U.S. Army systems for decades, and we look forward to leveraging that experience and our talented workforce to develop next-generation missiles with significantly extended range,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president. “In addition to providing Soldiers the edge in offensive operations, this extended range missile will serve as a powerful deterrent, promising effective strike capabilities from long ranges.”
The LRMF program is using a multi-phased development approach; the current phase focuses on design and risk-reduction activities.
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/663e1174-4de7-4625-b1d1-75e8d0cd7467
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
