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Coming Firefly launch heats up space transportation market
Firefly Aerospace currently plans its maiden Alpha rocket launch for as early as Dec. 22, according to co-founder and CEO Tom Markusic, marking the next major milestone in a plan
Seekingalpha · 3h ago
3 Stocks Shining as Unmissable Opportunities
They are offering a potential for higher revenues at a compelling price
GuruFocus.com · 1d ago
Aerojet Rocketdyne Propulsion Powers OSIRIS-REx Asteroid Sample Collection
OSIRIS-REx spacecraft - artist conception Artist’s conception of NASA’s OSIRIS-REx spacecraft collecting a sample from the asteroid Bennu. OSIRIS-REx’s propulsion system is comprised of 28 Aerojet Rocketdyne engines. Credit: NASA/Goddard/University of ArizonaREDMOND, Wash., Oct. 19, 2020 (GLOBE NEWSWIRE) -- Powered by Aerojet Rocketdyne propulsion, the OSIRIS-REx spacecraft will execute its long awaited sample collection of asteroid Bennu on Oct. 20. OSIRIS-REx is a NASA mission that will enable us to learn more about the formation of our solar system by collecting a sample from near-Earth asteroid Bennu, and returning the sample to Earth for study. Aerojet Rocketdyne is the sole propulsion provider for the OSIRIS-REx spacecraft, providing all 28 of the rocket engines aboard. Aerojet Rocketdyne provided the engines to Lockheed Martin, the spacecraft prime contractor. The highly anticipated sample collection is a culmination of nearly two years of surveying Bennu and rehearsing the operation. Aerojet Rocketdyne engines will maneuver the spacecraft from orbit toward the desired touchdown location on the surface of Bennu. Once contact is achieved, nitrogen gas will be directed onto the surface to blow small particles of regolith into the Touch-and-Go Sample Acquisition Mechanism, or TAGSAM. After the sample is secure, Aerojet Rocketdyne engines will safely propel the spacecraft away from the asteroid’s surface.“The sample collection portion of the mission requires our engines to perform with extremely high precision with no room for error,” said Aerojet Rocketdyne CEO and President Eileen P. Drake. “From the ultra-low-thrust engines that fine tune the spacecraft’s orbit, to the higher thrust engines that will propel OSIRIS-REx back to Earth, each of the 28 Aerojet Rocketdyne engines on the spacecraft are critical to the success of the mission.”The departure window for OSIRIS-REx to return to Earth opens in March 2021. Once the window opens, four high-thrust engines will place OSIRIS-REx on a trajectory that intersects the orbit of the Earth in September 2023. The final maneuver will involve steering the spacecraft away from Earth after the sample return capsule has been jettisoned for reentry, and placing the spacecraft into a stable orbit around the Sun.The propulsion suite on OSIRIS-REx is comprised of the following engines: four 60-lbf MR-107S, six 5-lbf MR-106L, 16 1-lbf MR-111G, and two 0.1-lbf MR-401. All 28 engines on OSIRIS-REx were developed at Aerojet Rocketdyne’s facility in Redmond, Washington. In addition to the critical in-space propulsion provided to the spacecraft, Aerojet Rocketdyne’s contribution to the OSIRIS-REx mission extended to the launch vehicle’s first and second stages as well.About Aerojet Rocketdyne: Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), is a world-recognized aerospace and defense leader that provides propulsion systems and energetics to the space, missile defense and strategic systems, and tactical systems areas, in support of domestic and international customers. For more information, visit www.Rocket.com and www.AerojetRocketdyne.com. Follow Aerojet Rocketdyne and CEO Eileen Drake on Twitter at @AerojetRdyne and @DrakeEileen.Media Contacts: Ashley Riser, Aerojet Rocketdyne, 571-236-4091 Ashley.Riser@rocket.com Mary Engola, Aerojet Rocketdyne, 571-289-1371 Mary.Engola@rocket.comA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/43499876-5942-484f-acdf-68d97438ff8a
GlobeNewswire · 2d ago
Largest quarter ever for space infrastructure investment
"After the slowest quarter on record for [space infrastructure] investment since 2009, investment in this layer of the stack rebounded in Q3 to pre-COVID levels," Space Capital managing partner Chad
Seekingalpha · 3d ago
Aerojet Rocketdyne’s Arkansas Facility Delivers 5,000th Stinger Missile Solid Rocket Flight Motor
CAMDEN, Ark., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has delivered the 5,000th solid rocket flight motor for the Stinger missile system from its Solid Rocket Motor Center of Excellence in Camden, Arkansas, following a transition of the program from Gainesville, Virginia in 2005. “Aerojet Rocketdyne’s reliable propulsion has powered the Stinger missile system for more than three decades; we’re proud of our role helping to protect warfighters with critical air defense,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president. “We’re leveraging our experience to develop the next generation propulsion the missions of tomorrow demand.”Aerojet Rocketdyne provides both solid rocket motors that power the Stinger missile: the small launch motor that sends the missile a safe distance from the operator, and the main flight motor that propels the missile to intercept its target.Over 30 years, Aerojet Rocketdyne has delivered more than 60,000 motor sets to support the Stinger missile system. The company is currently providing solid rocket flight motors to the U.S. Army as part of its Service Life Extension Program, designed to increase the missiles’ reliability and extend their shelf life for 10 years.The “fire-and-forget” Raytheon Missiles & Defense Stinger missile, a rapidly deployable self-contained air defense system, employs a passive infrared seeker to home in on its airborne target. Combat proven in multiple conflicts, the weapon system is credited with more than 270 intercepts. U.S. ground troops and many other countries have deployed the Stinger missile from a number of platforms: the shoulder-launched Man-Portable Air Defense System (MANPADS), the Avenger (HMMWV), the AH-64E Apache helicopter, and Special Operations Black Hawks (MH-60).Aerojet Rocketdyne has made significant investments in propulsion technology, manufacturing affordability and facility modernization. The company is incorporating innovative materials and processes into the manufacture of its solid rocket motors to provide increased performance and affordability.About Aerojet Rocketdyne: Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), is a world-recognized aerospace and defense leader that provides propulsion systems and energetics to the space, missile defense and strategic systems, and tactical systems areas, in support of domestic and international customers. For more information, visit www.Rocket.com and www.AerojetRocketdyne.com. Follow Aerojet Rocketdyne and CEO Eileen Drake on Twitter at @AerojetRdyne and @DrakeEileen.Media Contacts: Eileen Lainez, Aerojet Rocketdyne, 571-239-7839 Eileen.Lainez@Rocket.com
GlobeNewswire · 10/15 15:00
Aerojet Ordnance Tennessee Delivers Eight Millionth M67 Hand Grenade Body
AOT M67 Line Aerojet Rocketdyne is a supplier of M67 hand grenade bodies to the U.S. GovernmentJONESBOROUGH, Tenn., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne’s specialty metal provider Aerojet Ordnance Tennessee (AOT) announced today that it reached a major production milestone when it delivered its eight millionth M67 hand grenade body to Day & Zimmermann (D&Z) for final assembly and delivery to the U.S. Army. AOT has been the sole supplier of M67 hand grenade body assemblies to the United States government since 2001. “The men and women at AOT take seriously their role supporting our nation’s defense, providing reliable and affordable munitions and specialty metal components to help protect our warfighters and allies,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president. “We’re proud to have reached this milestone, and look forward to supporting this program well into the future.”The M67 hand grenade is used to supplement small arms fire against enemies in close combat. The 2.5-inch diameter steel sphere contains 6.5 ounces of high explosives and is fitted with a fuze that initiates the explosive charge. AOT produces the M67 hand grenade body assemblies at its facility located in Jonesborough, Tennessee.“D&Z is proud to partner with AOT in delivering the highest quality grenades to our warfighters. The two companies have a long tradition of working well together; D&Z looks forward to continuing the partnership on many future deliveries,” said Michael Yoh, president of D&Z’s Munitions and Government Division.AOT is an industry leader in the development and production of specialty metal components for munitions, commercial products and sporting goods. AOT has numerous advanced specialty metal capabilities, including: powder metallurgy, primary metal processing, metal casting, heat treatment, computer-aided machining, forging and swaging. The specialty metal products produced by the company have been proven on the battlefield, on the golf course, in space, in high-performance racing, and in Olympic events.About Aerojet Rocketdyne: Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), is a world-recognized aerospace and defense leader that provides propulsion systems and energetics to the space, missile defense and strategic systems, and tactical systems areas, in support of domestic and international customers. For more information, visit www.Rocket.com and www.AerojetRocketdyne.com. Follow Aerojet Rocketdyne and CEO Eileen Drake on Twitter at @AerojetRdyne and @DrakeEileen.Media Contacts: Eileen Lainez, Aerojet Rocketdyne, 571-239-7839 Eileen.Lainez@Rocket.comA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c335490c-f82a-49fa-a1f0-c8361039432f
GlobeNewswire · 10/14 16:00
World's Most Powerful Rocket Eyes Big Milestone After Delays
Investor's Business Daily · 10/13 19:28
AUSA Selects Aerojet Rocketdyne CEO and President Eileen P. Drake for 2020 John W. Dixon Award
EL SEGUNDO, Calif., Oct. 13, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne, a leading provider of defense and space propulsion, announced today that Chief Executive Officer and President Eileen P. Drake has been selected by the Association of the United States Army (AUSA) to receive the John W. Dixon Award for 2020. This is AUSA’s highest award for a leader in industry, recognizing distinguished service resulting in outstanding contributions to national defense by a member of the industrial community.“The Association of the United States Army plays an important role in supporting Soldiers, Army civilians, and Army families, providing a powerful voice for those who are serving our nation,” said Drake. “I am honored to accept this award on behalf of the men and women of Aerojet Rocketdyne who are committed to providing innovative, reliable propulsion and munitions to protect America’s warfighters.”Since becoming CEO, Drake has led a company transformation, investing significantly in technology, affordability and modernization in order to provide the American military and its Allies with innovative and increasingly affordable capabilities to prevail against any potential adversary.Aerojet Rocketdyne provides propulsion for hypersonics as well as critical missile and rocket systems such as the Patriot family of missiles, Terminal High Altitude Area Defense (THAAD), Guided Multiple Launch Rocket System (GMLRS), Stinger and Javelin. The company is also a leader in munitions and specialty metals, producing warheads and hand grenade bodies.A former Army aviation officer, Drake has also held leadership roles at Ford Motor Company and United Technologies. Drake serves on the Board of Directors of Woodward, Inc., the National Space Council's Users’ Advisory Group, the Executive Committee of the Aerospace Industries Association and the National Board of Directors of Girl Scouts USA. She is an active supporter of STEM initiatives in the Aerospace and Defense sector.About Aerojet Rocketdyne: Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), is a world-recognized aerospace and defense leader that provides propulsion systems and energetics to the space, missile defense and strategic systems, and tactical systems areas, in support of domestic and international customers. For more information, visit www.Rocket.com and www.AerojetRocketdyne.com. Follow Aerojet Rocketdyne and CEO Eileen Drake on Twitter at @AerojetRdyne and @DrakeEileen.Media Contacts: Eileen Lainez, Aerojet Rocketdyne, 571-239-7839 Eileen.Lainez@Rocket.com
GlobeNewswire · 10/13 16:48
How To Invest In Space Now - We're At Buy On Fundamentals In Aerojet Rocketdyne
Aerojet Rocketdyne stock is cheap, its fundamentals strong, and we rate it at Buy as a result.Currently trading at just 7.3x TTM unlevered pre-tax free cash flow, the company is growing its revenue backlog at some 48% year on year.We anticipate a strong Q3 with elements of the Air Force GBSD nuclear renewal program being added to backlog.We believe that an entry now is compelling - but if we're wrong, today's price is just 10% above a strong support level where one could average down in some safety.
Seekingalpha · 10/12 16:13
A Look At The Fair Value Of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Aerojet Rocketdyne...
Simply Wall St. · 10/08 11:14
Aerojet Rocketdynes New State-of-the-Art Large Solid Rocket Motor Facility Open for Operations
CAMDEN, Ark., Oct. 06, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne’s new large solid rocket motor manufacturing facility is officially open for operations, highlighting the company’s significant investments in the modernization and innovation of its solid rocket motor production capabilities, and continuing
GlobeNewswire · 10/06 23:04
Maxar Technologies' Poison Pill Expires Today - The Stock Joins Our M&A Hit List
Maxar Technologies adopted a poison pill structure in May 2019.The structure empowered the Board of Directors to be able to block any incoming shareholder or acquiror reaching a greater than 5.0% stake in the company.The poison pill expires today - and Maxar itself is a vastly more attractive acquisition now than in May 2019 - even adjusting for the increased share price.We anticipate plenty of interest in acquiring Maxar in the next 12-24 months and have the stock on our new M&A Hit List as a result.
Seekingalpha · 10/06 11:42
Bank of America expects the space industry to triple to a $1.4 trillion market within a decade
Bank of America expects the growing space economy will become a $1.4 trillion market by 2030.
CNBC.com · 10/04 10:26
Aerojet Rocketdyne Holdings Inc (AJRD): Hedge Fund Interest Inching Up
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find articles about an
Insider Monkey · 09/30 00:02
2 “Strong Buy” Space Stocks That Are Ready for Takeoff
Space, the final frontier. Throughout history, the expanse that exists beyond Earth has captivated people all over the world, with space exploration continuing to take giant leaps forward since Apollo 11 first landed on the moon.Now, outer space has peaked Wall Street’s interest. Given the high levels
TipRanks · 09/29 16:24
Boeing Announces Partnership With General Atomics, Aerojet Rocketdyne In Homeland Missile Defense Bid
https://boeing.mediaroom.com/news-releases-statements?item=130741
Benzinga · 09/24 15:02
Aerojet Rocketdyne (AJRD) Catches Eye: Stock Jumps 7.3%
Aerojet Rocketdyne (AJRD) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.
Zacks · 09/23 13:47
Aerojet Rocketdyne Holdings, Inc.'s (NYSE:AJRD) Shares May Have Run Too Fast Too Soon
Aerojet Rocketdyne Holdings, Inc.'s (NYSE:AJRD) price-to-earnings (or "P/E") ratio of 24.6x might make it look like a...
Simply Wall St. · 09/12 14:25
Aerojet Rocketdyne Selected to Power Nations Next Generation Strategic Deterrent
HUNTSVILLE, Ala., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne will develop a large solid rocket motor and the post-boost propulsion system for the Ground Based Strategic Deterrent (GBSD) program as a key member of Northrop Grumman’s nationwide GBSD team. Northrop Grumman was selected by the
GlobeNewswire · 09/08 23:21
G.research Virtual Aerospace & Defense Symposium
G.research, in conjunction with Gabelli Funds, will virtually host the 26th Annual Aerospace & Defense Symposium on Thursday, September 10th, 2020. This research meeting will feature presentations by senior management of several leading aerospace and defense companies, with an emphasis on industry dynamics
Business Wire · 09/08 15:04
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About AJRD
Aerojet Rocketdyne Holdings, Inc. is a manufacturer of aerospace and defense products and systems. The Company operates in two segments: Aerospace and Defense, and Real Estate. The Aerospace and Defense segment consists of the operations of the Company's subsidiary, Aerojet Rocketdyne, Inc. (Aerojet Rocketdyne), which is a technology-based designer, developer and manufacturer of aerospace and defense products and systems for the United States government, including the Department of Defense (DoD), the National Aeronautics and Space Administration (NASA), aerospace and defense prime contractors, as well as portions of the commercial sector. The Real Estate segment includes the activities of its subsidiary Easton Development Company, LLC (Easton) related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets.
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