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Aerojet Rocketdyne

US
commercialFounded 1915
Los Angeles, California, United States
www.l3harris.com/aerojet-rocketdyne
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Verified facts grounded in source documentation.

Aerojet Rocketdyne won a $1,790,000,000 contract from NASA in 2020 to produce a new expendable version of the RS-25 engine for the Space Launch System.

ORG RELATIONSHIP8/2/2022RS-25 delays impact Aerojet earnings

The RL10C-X engine is designed, fabricated, assembled, and tested at Aerojet Rocketdyne’s facility in West Palm Beach, Florida.

NARRATIVE GROWTH4/11/2022The Largest RL10 Engine Contract Received By Aerojet-Rocketdyne From ULA

United Launch Alliance awarded the largest RL10 contract ever to Aerojet Rocketdyne to deliver 116 RL10C-X engines for the Vulcan Centaur rocket.

NARRATIVE GENERAL4/11/2022The Largest RL10 Engine Contract Received By Aerojet-Rocketdyne From ULA

Aerojet Rocketdyne will expand a factory to increase production of RL10 engines used on Vulcan’s Centaur upper stage.

NARRATIVE GROWTH4/5/2022Amazon launch contracts drive changes to launch vehicle production

Aerojet Rocketdyne’s lawsuit alleges that Executive Chairman Warren Lichtenstein is undermining its disputed $4,400,000,000 merger with Lockheed Martin Corp.

ORG RELATIONSHIP2/14/2022Aerojet Rocketdyne Leadership Shake up

Aerojet Rocketdyne’s new RS-25 engines will begin flying on the fifth flight of the SLS rocket and will incorporate the newly designed components validated during the Retrofit-2 series.

NARRATIVE PLAN9/30/2021Space Launch System Rocket Engine Tests Are Successfully Completed By Aerojet Rocketdyne

Aerojet Rocketdyne is under contract to deliver 24 newly manufactured RS-25 engines.

ORG RELATIONSHIP9/30/2021Space Launch System Rocket Engine Tests Are Successfully Completed By Aerojet Rocketdyne

Aerojet Rocketdyne won a contract in 2024 to produce 18 new RS-25 engines for later Space Launch System missions.

ORG RELATIONSHIP3/17/2021Aerojet not concerned about any changes to Artemis program

The transaction to acquire Aerojet Rocketdyne by Lockheed Martin Corporation is expected to close in the second half of 2021 pending receipt of regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and satisfaction of other closing conditions specified in the merger agreement.

ORG RELATIONSHIP3/10/2021Aerojet Rocketdyne Shareholders Approve Company Acquisition By Lockheed Martin

The votes in favor at the 2021-03-09 special meeting represented approximately 78.78% of the total number of shares of Aerojet Rocketdyne common stock issued and outstanding as of the close of business on 2021-02-04, the record date for the special meeting.

NARRATIVE GENERAL3/10/2021Aerojet Rocketdyne Shareholders Approve Company Acquisition By Lockheed Martin

Aerojet Rocketdyne reported 2019 revenue of approximately $2,000,000,000.

NARRATIVE FINANCIAL12/20/2020Lockheed Martin Enters Into A Definitive Agreement To Acquire Aerojet Rocketdyne Holdings

Aerojet Rocketdyne installed a steel casting bell at its new facility in Camden, Arkansas to develop and produce large solid rocket motors.

NARRATIVE GROWTH3/12/2020Aerojet Rocketdyne to open new facility to develop solid rocket motors

Aerojet Rocketdyne’s GBSD work will be performed at a manufacturing plant in Huntsville, Alabama, a newly built facility in Camden, Arkansas, and a precision post-boost propulsion technology plant in Canoga Park, California.

NARRATIVE GROWTH9/16/2019Aerojet Rocketdyne to join Northrop Grumman’s bid for next-generation ICBM

Aerojet Rocketdyne lost significant large solid rocket motor market share to Orbital ATK, which Northrop Grumman acquired in 2017.

ORG RELATIONSHIP9/16/2019Aerojet Rocketdyne to join Northrop Grumman’s bid for next-generation ICBM

Aerojet Rocketdyne is aligned with both GBSD teams and has invested in new manufacturing technology at its Camden, Arkansas plant to support potential large solid rocket motor production.

NARRATIVE FINANCIAL7/25/2019Northrop’s strong grip on solid rocket motor market crippled Boeing in ICBM competition

Aerojet Rocketdyne projects that development of the lunar lander would likely require most of the additional $20,000,000,000 to $30,000,000,000 funding estimated as needed.

NARRATIVE GENERAL6/20/2019NASA contractors support Artemis cost estimate

Aerojet Rocketdyne’s revised agreement with the Air Force covers work to design, build, and assemble a single AR1 engine prototype by December 2019 according to the company’s Form 10-K filing with the U.S. Securities and Exchange Commission.

ORG RELATIONSHIP4/16/2019Aerojet Rocketdyne proposes using AR1 for medium-class launch vehicle

The renegotiated agreement required Aerojet Rocketdyne to design, build, and assemble a single AR1 prototype engine by the end of 2019.

NARRATIVE PLAN10/5/2018Blue Origin’s anticlimactic victory and Aerojet’s Plan B

The renegotiated AR1 agreement requires Aerojet Rocketdyne to design, build, and assemble a single prototype engine by the end of 2019.

NARRATIVE PLAN9/25/2018Aerojet Rocketdyne seeks other customers for AR1 engine

Aerojet Rocketdyne reported a profit of $34,800,000 on $467,200,000 in revenue for the months of April, May, and June.

NARRATIVE FINANCIAL9/19/2018With debt down and cash up, Aerojet Rocketdyne hunting for acquisitions
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