Hello, Guest!
  • Friday, November 15, 2024

Aerojet Rocketdyne Subsidiary to Provide MDA Additional Missile Targets Under $140M Contract Modification


Jeff Brody

Coleman Aerospace, a subsidiary of Aerojet Rocketdyne (NYSE: AJRD), has secured a $140.1M contract modification to supply six medium-range ballistic missile targets and perform related engineering services to the Missile Defense Agency.

The modification exercises an option under a previously awarded contract and increases the total contract value to $506.5M, the Department of Defense said Thursday.

MDA is obligating $22.5M at the time of award from the agency’s fiscal 2019 research, development, test and evaluation funds.

Work is scheduled to commence this month and will continue through December 2027.

The original contract was awarded before L3 Technologies (NYSE: LLL) sold Coleman Aerospace to Aerojet Rocketdyne.

Video of the Day

Related Articles

Scott Alexander Joins L3Harris Subsidiary Aerojet Rocketdyne as Missile Solutions President Executive Moves

Scott Alexander Joins L3Harris Subsidiary Aerojet Rocketdyne as Missile Solutions President

Scott Alexander, formerly a vice president at RTX (NYSE: RTX) business Raytheon has been named president of missile solutions at Aerojet Rocketdyne, an L3Harris Technologies (NYSE: LHX) subsidiary, according to his LinkedIn post. Alexander joined the L3Harris subsidiary after serving as VP of integrated missile defense solutions at Raytheon since July 2023. His career at

Space Force Awards 3 Spots on Sounding Rocket Program-4 Contract Contract Awards

Space Force Awards 3 Spots on Sounding Rocket Program-4 Contract

The U.S. Space Force has awarded a Kratos Defense and Security Solutions (Nasdaq: KTOS) business, L3Harris Technologies (NYSE: LHX) subsidiary Aerojet Rocketdyne and Corvid Technologies positions on a potential $877 million follow-on contract to provide suborbital launch support services for the Rocket Systems Launch Program.Hear government leaders and industry executives discuss the latest technologies and other urgent issues facing the space domain at the Potomac Officers Club’s 2024 Space Summit on March 5. Register here.

Christopher Kubasik: L3Harris to Put Off M&A Program for ‘Foreseeable Future’ M&A Activity

Christopher Kubasik: L3Harris to Put Off M&A Program for ‘Foreseeable Future’

Christopher Kubasik, chair and CEO of L3Harris Technologies (NYSE: LHX), said the company plans to discontinue its merger and acquisition activity for the “foreseeable future” to strengthen its balance sheet and return all excess capital to shareholders. At the company’s investor day on Tuesday, Kubasik stated that the Melbourne, Florida-based aerospace and defense contractor will