Aerojet Rocketdyne Plans Rocket Motor Production Hub Expansion; Eileen Drake Comments

Eileen Drake

Aerojet Rocketdyne has announced a $50 million project to expand the company’s manufacturing facility in Southern Arkansas for solid rocket motors and warheads.

The rocket manufacturer said Wednesday it plans to invest in infrastructure at the site and aims to create as many as 140 positions through the expansion.

Eileen Drake, president and CEO of Aerojet Rocketdyne, said the company aims to increase its solid rocket motor production capacity in a push to help military customers address tactical and missile defense requirements.

The project comes three years after Arkansas Gov. Asa Hutchinson unveiled the firm’s initial plans to invest $18 million in the region and add 85 full-time employees to its workforce.

Aerojet Rocketdyne partnered with Ouachita Electric Cooperative Corp. and Silicon Ranch Corp. in 2016 in efforts to build a $25 million solar array system in Arkansas.

You may also be interested in...

John Coykendall Deloitte

Deloitte Selects John Coykendall to Lead Aerospace & Defense Sector; Paul Wellener Quoted

Deloitte has appointed John Coykendall, a principal at its consulting business, to lead the company’s U.S. aerospace and defense (A&D) sector within the U.S. industrial products and construction practice. Coykendall will also lead Deloitte's global aerospace and defense sector, succeeding Robin Lineberger, who will retire in May. 

Axonius

Axonius Secures $100M Private Funding for Portfolio Development, Market Expansion Efforts

Asset management platform maker Axonius has secured $100 million in private funding to support the company’s efforts to update its cybersecurity portfolio, Reuters reported Monday.

Lockheed GPS IIIF

Eric Brown: Lockheed Plans On-Orbit GPS Satellite Servicing Feature

Eric Brown, senior director of military space mission strategy at Lockheed Martin, said the company is updating its satellite bus for the U.S. Air Force's GPS III follow-on satellite platform to facilitate hardware updates in orbit, SpaceNews reported Friday.