Rocketdyne

CPI Aerostructures Appoints Aerospace Industry Executive Pamela Levesque to its Board of Directors

Retrieved on: 
Tuesday, October 24, 2023

EDGEWOOD, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced that its Board of Directors has appointed Pamela D. Levesque to serve as an independent Class II Director.

Key Points: 
  • EDGEWOOD, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced that its Board of Directors has appointed Pamela D. Levesque to serve as an independent Class II Director.
  • Ms. Levesque, 66, brings a wealth of experience and knowledge garnered from a distinguished career spanning more than 35 years in the aerospace and defense industry.
  • Most recently, Pamela has served as Vice President and Chief Financial Officer of APL Investments LLC, her family's real estate business.
  • We are delighted to welcome Pamela to our Board of Directors,” said Terry Stinson, Chairman of the Board.

Aerojet Rocketdyne Holdings, Inc. Reports 2022 Fourth Quarter and Annual Results

Retrieved on: 
Wednesday, February 15, 2023

Adjusted EBITDAP margins excluding changes in contract estimates were 8.3% in the quarter and 12.1% for the full year.

Key Points: 
  • Adjusted EBITDAP margins excluding changes in contract estimates were 8.3% in the quarter and 12.1% for the full year.
  • I commend our team’s perseverance, which is reflected in our positive results,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president.
  • Further, as a result of the 2022 calendar, Aerojet Rocketdyne had 53 weeks of operations in 2022 compared with 52 weeks of operations in 2021.
  • Further, as a result of the 2022 calendar, Aerojet Rocketdyne had 53 weeks of operations in 2022 compared with 52 weeks of operations in 2021.

Aerojet Rocketdyne to Produce New Joint Economical Sled Track Rockets

Retrieved on: 
Thursday, December 8, 2022

HUNTSVILLE, Ala., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has been awarded a $98.5 million contract under an Other Transaction Authority (OTA) by the Naval Aviation Systems Consortium to develop and manufacture motors and sleds in support of the Joint Economical Sled Track Rockets (JESTR) program.

Key Points: 
  • HUNTSVILLE, Ala., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has been awarded a $98.5 million contract under an Other Transaction Authority (OTA) by the Naval Aviation Systems Consortium to develop and manufacture motors and sleds in support of the Joint Economical Sled Track Rockets (JESTR) program.
  • “Aerojet Rocketdyne solid rocket sled motors helped the Air Force set the land speed record in 2003,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president.
  • Aerojet Rocketdyne will support the JESTR program for the Air Force’s Holloman High Speed Test Track (HHSTT), China Lake Supersonic Naval Ordnance Research Track, and the Eglin Air Force Base Test Track.
  • 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.

Aerojet Rocketdyne Successfully Demonstrates Integrated System Test Bed for Advanced Defense Propulsion

Retrieved on: 
Thursday, August 11, 2022

LOS ANGELES, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne successfully demonstrated an Integrated System Test Bed (ISTB) that was designed and fabricated to test advanced liquid rocket engine thrusters and system components.

Key Points: 
  • LOS ANGELES, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne successfully demonstrated an Integrated System Test Bed (ISTB) that was designed and fabricated to test advanced liquid rocket engine thrusters and system components.
  • Aerojet Rocketdyne continues to innovate our design, development and testing capabilities for next generation defense systems and components, said Eileen P. Drake, Aerojet Rocketdyne CEO and president.
  • The ISTB can be used to test a multitude of components used on strategic systems, missile defense and space launch programs.
  • 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.

Successful Test Demonstrates Aerojet Rocketdyne Arkansas Site Ready to Produce Large Solid Rocket Motors

Retrieved on: 
Thursday, September 23, 2021

CAMDEN, Ark., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne recently conducted a solid rocket motor test firing that demonstrated the successful transition of large solid rocket motor mix, cast and test operations from Sacramento, California, to its Camden, Arkansas, site.

Key Points: 
  • CAMDEN, Ark., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne recently conducted a solid rocket motor test firing that demonstrated the successful transition of large solid rocket motor mix, cast and test operations from Sacramento, California, to its Camden, Arkansas, site.
  • Aerojet Rocketdyne continues to advance its decades of work delivering large solid rocket motors, leveraging new facilities and innovative technology and materials, said Eileen P. Drake, Aerojet Rocketdyne CEO and president.
  • Our Camden site is now proven ready to support the nations defense requirements for large solid rocket motors.
  • Aerojet Rocketdyne has produced large solid rocket motors for critical defense and space programs for decades.

Lockheed Martin Reduces Gross Pension Obligation by $4.9 Billion with Purchase of Group Annuity Contracts

Retrieved on: 
Tuesday, August 3, 2021

Additionally, the 2021 financial outlook reflects the UK Ministry of Defence's re-nationalization of the AWE program on June 30, 2021.

Key Points: 
  • Additionally, the 2021 financial outlook reflects the UK Ministry of Defence's re-nationalization of the AWE program on June 30, 2021.
  • Further, the 2021 financial outlook does not incorporate the pending acquisition of Aerojet Rocketdyne Holdings, Inc. announced on Dec. 20, 2020.
  • Reflects the amount by which CAS pension cost, $2,065 million, exceeds the FAS pension service cost, $110 million.
  • Excludes $375 million of expected non-operating FAS pension income that will be recorded in non-operating income (expense).

Aerojet Rocketdyne Holdings, Inc. to Participate in Jefferies 2021 Industrials Conference on August 3

Retrieved on: 
Wednesday, July 28, 2021

EL SEGUNDO, Calif., July 27, 2021 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) announced today that it will participate in the Jefferies 2021 Industrials Conference being held virtually on August 3, 2021.

Key Points: 
  • EL SEGUNDO, Calif., July 27, 2021 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) announced today that it will participate in the Jefferies 2021 Industrials Conference being held virtually on August 3, 2021.
  • Chief Financial Officer Dan Boehle is scheduled to present at 8-8:25 a.m. PDT / 11-11:25 a.m. EDT.
  • A live webcast of the presentation and associated slide deck can be accessed through the companys website at https://ir.aerojetrocketdyne.com/events-and-presentations during the presentation, and they will be archived for 90 days.
  • More information can be obtained by visiting the Companys websites at www.rocket.com or www.aerojetrocketdyne.com .

Aerojet Rocketdyne’s Innovative Solid Rocket Motor Technology Advances DARPA’s OpFires Hypersonics Program

Retrieved on: 
Monday, June 21, 2021

This successful test demonstrates Aerojet Rocketdynes advanced technological capabilities to ensure our warfighters maintain the advantage, said Eileen P. Drake, Aerojet Rocketdyne CEO and president.

Key Points: 
  • This successful test demonstrates Aerojet Rocketdynes advanced technological capabilities to ensure our warfighters maintain the advantage, said Eileen P. Drake, Aerojet Rocketdyne CEO and president.
  • During the static test last month at Redstone Arsenal in Huntsville, the company demonstrated the variable-range technology that will enable OpFires to provide the military with intermediate-range missile capability.
  • The solid rocket motor performed as expected through the duration of the static test, which was performed at sea level.
  • Aerojet Rocketdyne, a leader in advanced hypersonic propulsion technology, provides scramjets and warheads in addition to solid rocket motor boosters.

Aerojet Rocketdyne Delivers 1,000th Propulsion System for Multi-Mission PAC-3 MSE Missile

Retrieved on: 
Thursday, May 20, 2021

b'CAMDEN, Ark., May 20, 2021 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has delivered the 1,000th propulsion system for the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missile, the enhanced version of the combat-proven PAC-3.\n\xe2\x80\x9cAerojet Rocketdyne is proud to provide the propulsion that has powered the PAC-3 air defense missile system since its inception,\xe2\x80\x9d said Eileen P. Drake, Aerojet Rocketdyne CEO and president.

Key Points: 
  • b'CAMDEN, Ark., May 20, 2021 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has delivered the 1,000th propulsion system for the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missile, the enhanced version of the combat-proven PAC-3.\n\xe2\x80\x9cAerojet Rocketdyne is proud to provide the propulsion that has powered the PAC-3 air defense missile system since its inception,\xe2\x80\x9d said Eileen P. Drake, Aerojet Rocketdyne CEO and president.
  • Aerojet Rocketdyne powers the PAC-3 MSE with a revolutionary two-pulse solid rocket motor, providing increased performance in both altitude and range.\nThe propulsion system is manufactured at the company\xe2\x80\x99s Camden, Arkansas site, which is recognized as Aerojet Rocketdyne\xe2\x80\x99s Solid Rocket Motor Center of Excellence.
  • In addition to the propulsion system, the company also provides the Attitude Control Motors and Lethality Enhancer for both the PAC-3 MSE and the PAC-3 Cost Reduction Initiative.\nAbout 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.
  • Follow Aerojet Rocketdyne and CEO Eileen Drake on Twitter at @AerojetRdyne and @DrakeEileen .\n'

VELO3D to Virtually Present at the 16th Annual Needham Technology & Media Conference

Retrieved on: 
Thursday, May 13, 2021

VELO3D additive manufacturing solutions for 3D-printing high-value metal parts allow for previously impossible geometries, so businesses can make the mission-critical parts they need without compromise.

Key Points: 
  • VELO3D additive manufacturing solutions for 3D-printing high-value metal parts allow for previously impossible geometries, so businesses can make the mission-critical parts they need without compromise.
  • Customers include some of the world\xe2\x80\x99s most visionary companies, such as Aerojet Rocketdyne, Chromalloy, Honeywell, LAM Research and Raytheon Technologies.
  • For more information, follow VELO3D on LinkedIn or visit velo3d.com.\nOn March 23, 2021, VELO3D entered into a definitive business combination agreement with JAWS Spitfire Acquisition Corporation (NYSE: SPFR), a special purpose acquisition company.
  • These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.