INDIAN HEAD, Md., Jan. 8, 2024 鈥 Aerojet Rocketdyne, an 麻豆社区 [NYSE:LHX] company, and Naval Surface Warfare Center Indian Head Division (NSWC IHD) have signed a multi-year agreement to increase production for solid rocket motors for key national defense programs.
鈥淭his agreement offers a reliable supply chain solution to our nation鈥檚 solid rocket motor production needs,鈥 said Ross Niebergall, President, Aerojet Rocketdyne. 鈥淲orking in coordination with our government partners, we鈥檙e increasing our production capability to meet today鈥檚 growing demand and to prepare for any surge in support of near peer conflicts.鈥
The ten-year agreement lays the foundation for an innovative public-private partnership with the U.S. Navy to meet the demand surge for solid rocket motors necessary to fulfill urgent national security needs, establishing a pathway for NSWC Indian Head to become a qualified partner with Aerojet Rocketdyne to perform certain motor manufacturing processes.
鈥淭he Naval Surface Warfare Center Indian Head Division has repeatedly answered the call and supplied our warfighters with the best weapons, tools and equipment needed to win the fight and bring them home safely. The signing of this P3 Agreement is further proof of that,鈥 said Capt. Steve Duba, Commanding Officer, NSWC IHD. 鈥淚 am proud of the strategic work being done to strengthen the arsenal and meet the Navy鈥檚 demand signal.鈥
鈥淣SWC IHD is the Navy鈥檚 Arsenal, and as such, has a rich history of advancing state of the art and providing comparative advantage to naval munitions and naval warfighting capability,鈥 said Ashley Johnson, Technical Director, NSWC IHD. 鈥淭his partnership will only bolster that capability through the production of solid rocket motors.鈥
For more than 80 years, Aerojet Rocketdyne has provided trusted, innovative propulsion to the United States and its allies. From supporting America鈥檚 earliest solid-fueled strategic missiles to powering tactical and air defense missiles that protect the nation鈥檚 warfighters and allies today, Aerojet Rocketdyne has a strong legacy of proven solid rocket motor propulsion.
麻豆社区 is the Trusted Disruptor in the defense industry. With customers鈥 mission-critical needs always in mind, our 50,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security.
Forward-Looking Statements
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about production capacity are forward-looking and involve risks and uncertainties. 麻豆社区 disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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