Aerojet Rocketdyne Hldgs Inc Stock Price, News & Analysis

Aerojet Rocketdyne's propulsion system will enable the OSIRIS-REx spacecraft to collect a sample from asteroid Bennu on Oct. 20, 2020. This NASA mission aims to enhance understanding of our solar system's formation. The spacecraft's 28 engines, developed by Aerojet Rocketdyne, will ensure precise maneuverability and sample collection. Following the sample collection, the return window to Earth opens in March 2021, with a trajectory set for September 2023. Aerojet Rocketdyne, a key player in the aerospace and defense sector, also supplied propulsion for the launch vehicle.

Aerojet Rocketdyne's specialty metal provider, Aerojet Ordnance Tennessee (AOT), has achieved a significant milestone by delivering its eight millionth M67 hand grenade body to Day & Zimmermann, supporting the U.S. Army. AOT, the sole supplier since 2001, focuses on providing reliable munitions and specialty metal components. CEO Eileen P. Drake expressed pride in this accomplishment, emphasizing the importance of their role in national defense. AOT specializes in advanced metal capabilities applicable in various fields, including defense and commercial products.

Aerojet Rocketdyne announced that CEO Eileen P. Drake will receive the John W. Dixon Award from the Association of the United States Army for 2020. This prestigious award recognizes her significant contributions to national defense. Under Drake's leadership, the company has focused on technology and modernization to deliver affordable capabilities to the U.S. military. Aerojet Rocketdyne is known for its propulsion systems utilized in key missile and rocket platforms, including the Patriot and THAAD systems. Drake also participates actively in various aerospace and defense initiatives.

Aerojet Rocketdyne has opened a new large solid rocket motor manufacturing facility in Camden, Arkansas, enhancing its production capabilities. This state-of-the-art facility will support U.S. national security programs in strategic deterrence, hypersonics, and missile defense. Governor Asa Hutchinson and Senator John Boozman praised the investment, highlighting the economic impact and job creation in the region. The facility's construction aligns with Aerojet Rocketdyne's broader strategy to reduce costs by $230 million annually, allowing the company to deliver innovative solutions for national defense.

Aerojet Rocketdyne has secured a key role in Northrop Grumman's Ground Based Strategic Deterrent (GBSD) program, focusing on developing a large solid rocket motor and post-boost propulsion systems. The company, leveraging decades of experience, aims to enhance the U.S. nuclear deterrent capabilities with advanced propulsion technologies. New manufacturing facilities in Alabama and Arkansas will support the production of affordable rocket motors. Aerojet Rocketdyne has also supported Northrop Grumman in previous strategic programs, demonstrating its ongoing commitment to national security.

Aerojet Rocketdyne (NYSE: AJRD) announced its participation in the G.research 26th Annual Aerospace & Defense Virtual Conference on September 10, 2020. CEO Eileen P. Drake is set to present at 12:30 p.m. EDT / 9:30 a.m. PDT. Attendees can register for the live stream through a provided link. Additionally, a recording and slide deck will be accessible post-presentation on the company’s website. Aerojet Rocketdyne specializes in aerospace and defense products and systems, with further information available on their websites.

Aerojet Rocketdyne has been selected to supply RL10 rocket engines and thrusters for ULA's Vulcan Centaur launch vehicle, a key choice under the U.S. Air Force's National Security Space Launch LSP Phase 2 contract. This contract enables ULA to conduct approximately 60% of missions over the next five years, starting in 2022. The RL10 engine, known for its reliability, has been instrumental in launching military, civil, and commercial satellites, with plans for further enhancements to reduce costs through additive manufacturing.

Aerojet Rocketdyne has appointed Dan Boehle as the new Chief Financial Officer, effective immediately. Previously the Vice President and Controller, Boehle has been with the company since 2017 and has a strong background in corporate finance, having worked over 15 years at Northrop Grumman. He succeeds Paul Lundstrom, who will transition to CFO at Flex Ltd. Boehle's leadership aims to enhance shareholder value and streamline financial operations. This strategic move underlines Aerojet Rocketdyne's commitment to workforce development and continuity in leadership.