GlobeNewswire 7-Dec-2017 2:58 PM
SACRAMENTO, Calif., Dec. 07, 2017 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne, Inc., a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), recently achieved a significant milestone by completing a successful hot-fire test of a controllable solid rocket motor under the U.S. Air Force Demonstration and Validation Post Boost Study A program.
This hot-fire test successfully demonstrated the increased capabilities of an advanced, controllable solid rocket motor system, said Aerojet Rocketdyne CEO and President Eileen Drake. Applying this technology could provide increased mission flexibility and capability in a future post boost propulsion system.
Post boost propulsion systems are a critical element of strategic and missile defense systems for final payload positioning and deployment. The Post Boost Study A program was aimed at identifying emerging propulsion concepts using a trade study approach and selecting high potential candidates for demonstration of technical maturity.
This program allowed us to evaluate various advanced technology propulsion systems and select one of the most promising a controllable solid rocket motor system for hardware demonstration testing, said Vice President of Defense Advanced Programs Tyler Evans. Maturing this critical technology now will undoubtedly pay future dividends as our nation looks to modernize its strategic deterrent capabilities in the coming years.
Aerojet Rocketdyne is an innovative company delivering solutions that create value for its customers in the aerospace and defense markets. The company is a world-recognized aerospace and defense leader that provides propulsion and energetics to the space, missile defense and strategic systems, tactical systems and armaments areas, in support of domestic and international markets. Additional information about Aerojet Rocketdyne can be obtained by visiting our websites at www.Rocket.com and www.AerojetRocketdyne.com.
Source: Aerojet Rocketdyne, Inc.
Limited Time Offer:
Claim your free copy of income expert Bryan Perry's new report:
My Top Monthly Dividend Payer (8% Dividend Yield)
You'll also receive Bryan Perry's weekly e-letter, Dividend Investing Weekly, at no cost, along with other associated financial content and special offers.