2023-04-14 16:16:23 ET
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Aerojet Rocketdyne ( NYSE: AJRD ) on Friday said it entered into an agreement with the Department of Defense to boost domestic rocket propulsion manufacturing capacity for $215.6 million.
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“These funds will build upon our own significant investments in modern, efficient facilities and innovative technologies and processes to design and develop advanced propulsion systems to support the defense missions of tomorrow,” CEO and president Eileen Drake said.
For further details see:
Aerojet Rocketdyne to boost manufacturing of rocket tech via $215.6M DoD agreement