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Aerojet Rocketdyne Awarded ICBM Demonstration and Validation Post Boost Contract

SACRAMENTO, Calif., Feb. 19, 2016 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), was recently awarded a contract from Hill Air Force Base to complete trade studies and hardware demonstrations for the Intercontinental Ballistic Missile (ICBM) Demonstration and Validation Post Boost Program.

The objective of the ICBM Demonstration and Validation Post Boost Program is to develop technologies that may be used to replace the capabilities of the current Minuteman III Propulsion System Rocket Engine (PSRE) in a new future system. The Post Boost Propulsion System is a critical element of the Minuteman III and future missile systems in positioning payloads accurately and supporting the potential deployment of countermeasures.

The contract (Study A) is valued at more than $3 million and spans over a 24 month period. This study will evaluate various advanced technology propulsion systems followed by a down selection process. The candidate technologies will be further evaluated with hardware demonstration testing.

“Aerojet Rocketdyne’s Rocket ShopSM innovation organization is proud and honored to be selected for the critical role of supporting the USAF’s nuclear deterrence mission,” said Tyler Evans, vice president of Rocket ShopSM Defense Advanced Programs at Aerojet Rocketdyne. “Our post boost technologies are nothing less than world class and we intend to continue servicing the customer with war-winning solutions for many years to come.”

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.

Contact: Glenn Mahone, Aerojet Rocketdyne, 202-302-9941 Glenn.Mahone@Rocket.com Lynn Machon, Aerojet Rocketdyne, 916-355-3587 Lynn.Machon@Rocket.com

Source:Aerojet Rocketdyne, Inc.