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April 01, 2015 8:16 PM ET

Aerospace and Defense

Company Overview of Aerojet Rocketdyne, Inc.

Company Overview

Aerojet Rocketdyne, Inc. operates as an aerospace and defense company that provides propulsion and energetics to space, missile defense, strategic, tactical missile, and armaments areas in the United States and international markets. The company engages in the design, development, and production of specialty metal components for munitions, commercial products, and sporting goods. It also develops new products and businesses for entry into new/adjacent markets, which include systems integration in niche markets, and specialty weapons, as well as mobile power, renewable energy, and distributed smart power; captures and manages research and technology, such as traditional and non-traditional pr...

2001 Aerojet Road

Rancho Cordova, CA 95742-6418

United States

Founded in 1942

Phone:

916-355-4000

Fax:

916-351-8667

Key Executives for Aerojet Rocketdyne, Inc.

President, Chief Executive Officer of Gencorp., President of Gencorp. and Director of Gencorp
Age: 63
Chief Financial Officer
Age: 59
Chief Information Officer and Vice President
Age: 50
Vice President of Business Development
Director of Business Development for Missile Defense
Compensation as of Fiscal Year 2014.

Aerojet Rocketdyne, Inc. Key Developments

Aerojet Rocketdyne to Cut Payrolls by 10% over the Next Four Years

Aerojet Rocketdyne expects to cut payrolls by 10% over the next four years via an extensive efficiency drive, eliminating some 500 jobs nationwide. The move by the rocket-engine maker could have substantial impact at its 1,600-employee Rancho Cordova headquarters. The company said it expects to cut manufacturing and office space by 40% and expects to relocate certain manufacturing programs to sites which handle similar products.

The Department of Defense Strategic Environmental Research and Development Program Funds Three-Year Green Propellant Study with Aerojet Rocketdyne

The Department of Defense Strategic Environmental Research and Development Program awarded Aerojet Rocketdyne a three-year contract for Research and Development into green monopropellants and gas generators. The company has joined forces with the U.S. Army Aviation and Missile Research, Development and Engineering Center; the U.S. Air Force Research Laboratory at Edwards Air Force Base; and the U.S. Army Medical Command with the stated goal of creating new high performing liquid propellants for rockets and missiles. R&D begins with small-scale testing of potential monopropellant candidates in the laboratory led by Aerojet Rocketdyne's Redmond, Wash. team. The next phase will focus on scaling up promising candidates at the Sacramento Chemical Synthesis Laboratory, followed by subscale thruster testing to isolate the most promising fuels for future research. Findings from this research could lead to future spiral upgrades to NASA's Green Propellant Infusion Mission, planned to launch aboard a SpaceX Falcon Heavy in 2016. The GPIM satellite will conduct in-orbit testing of the environmentally friendly AF-M315E fuel for potential use in lieu of hydrazine.

Aerojet Rocketdyne Collaborate with Arkansas Electric Cooperative Corporation for Solar Field in Arkansas

Aerojet Rocketdyne and Arkansas Electric Cooperative Corporation have signed agreements with Silicon Ranch Corporation, a renewable energy provider, to build solar field in Arkansas. The 12-megawatt project will be constructed in Highland Industrial Park, located in the city of East Camden, and will occupy approximately 100 acres. It will serve to provide predictable energy costs as well as contribute to ongoing clean energy development and economic growth in the region. Under its agreement, Aerojet Rocketdyne will purchase solar power for the 1,200-acre site it leases in East Camden. Silicon Ranch Corporation is expected to complete the project in late 2015. Once completed, the plant will provide clean supplemental daytime power to Aerojet Rocketdyne and will be capable of generating enough electricity to power the equivalent of 2,400 single-family homes. Excess solar energy will be released to AECC and integrated into the cooperative's diverse generation portfolio.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 5, 2015
700 Acres of Land in Northern California
Merger/Acquisition
October 27, 2014
Aerojet Rocketdyne, Inc., Concentrating Solar Power Business
 

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