Aerojet Rocketdyne (AJRD) announced that it will develop an advanced propulsion solution for the Long Range Maneuverable Fires missile that Lockheed Martin (LMT) is developing for the U.S. Army. “Aerojet Rocketdyne propulsion has powered U.S. Army systems for decades, and we look forward to leveraging that experience and our talented workforce to develop next-generation missiles with significantly extended range,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on AJRD:
- Why Is Kratos Stock (NASDAQ: KTOS) Rising?
- Aerojet Rocketdyne Teams with Lockheed Martin to Develop Long Range Maneuverable Fires Missile
- Lockheed Martin Voices Concerns about L3Harris’ Buyout of Aerojet Rocketdyne
- Lockheed COO voices concerns over L3Harris-Aerojet deal, Reuters reports
- Aerojet Rocketdyne Awarded Multi-Year Contract to Power Additional Javelins