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Report: Aerojet Rocketdyne, USAF Restructure Rocket Engine Devt Agreement

Report: Aerojet Rocketdyne, USAF Restructure Rocket Engine Devt Agreement - top government contractors - best government contracting event
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Report: Aerojet Rocketdyne, USAF Restructure Rocket Engine Devt Agreement - top government contractors - best government contracting eventAerojet Rocketdyne and the U.S. Air Force have begun to renegotiate an agreement over the development of the company“™s rocket engine, SpaceNews reported Friday.

The company develops the AR1 engine under a potential $115.3 million “other transaction“ agreement the service branch awarded in 2016.

The service“™s space and missile systems center said Aerojet Rocketdyne has requested to reduce its cost share on the AR1 engine development work from one-third to one-sixth.

“The Air Force and Aerojet Rocketdyne are still in discussions, but are working very hard to find closure on a restructured agreement,“ SMC told the publication in response to questions Wednesday.

Steve Warren, vice president and chief communications officer at Aerojet Rocketdyne, said in a Thursday statement the company had previously made an investment worth more than $200 million in the engine“™s key technology components and spent at least $110 million on AR1 prior to the rocket propulsion system contract award in 2016.

“We are committed to delivering an engine in 2019,“ Warren added

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Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

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