Aerojet Rocketdyne is the premier, private sector manufacturer of rocket propulsion systems in the world. They have been building rocket propulsion systems for more than 60 years. The company helped Apollo 11 transport the first astronauts to the moon’s surface and safely back home in 1969 and took part in every Space Shuttle mission flown, among many other milestones. To date, Aerojet Rocketdyne has helped power more than 1,600 rocket launches.
This research note is an in-depth look at Aerojet Rocketdyne. Topics covered include Aerojet Rocketdyne’s financial performance, products, customers, competition, and programs including the RS-25 engine, Standard Missile/Aegis, THAAD, PAC-3, GBSD, and emerging technologies like hypersonic weapons, the AR1 Engine, nuclear propulsion and solar electric propulsion. The National Security Space Launch program and the Russian RD-180 engine are also discussed.
Products Mentioned:
- Financial Analysis
- Rocket Engines
- Rocket Motors
- Ballistic Missiles
- Ballistic Missile Defense Systems
- Standard Missile
- Aegis Ballistic Missile Defense System
- Terminal High Altitude Area Defense
- PAC-3
- Ground-Based Strategic Deterrent
- Hypersonic Weapons
- Nuclear Thermal Propulsion
- Solar Electric Propulsion
- AR1 Booster Engine
- BE-4
- Methane Engines
- National Security Space Launch Program
- Russian RD-180 Main Engine
Table of Contents
- Introduction
- Executive Summary
- Aerojet Rocketdyne Holdings Inc.
- Company Overview
- Segments
- Financial Snapshot
- Income Statement
- Covid-19 Impact
- Balance Sheet
- Free Cash Flow
- Backlog
- Financial Performance
- Ownership
- Customers
- Largest Customers
- Competition
- Solid Rocket Motors Suppliers
- Products
- Programs
- Largest Programs
- RS-25 Engine
- Standard Missile/Aegis Ballistic Missile Defense System
- Terminal High Altitude Area Defense
- PAC-3
- Ground-Based Strategic Deterrent
- Hypersonic Weapons
- Emerging Technologies
- Nuclear Thermal Propulsion
- Solar Electric Propulsion
- AR1 Booster Engine
- Loss to BE-4
- Methane Engines
- Launch Industry Shakeup
- National Security Space Launch Program
- Reliance on the Russian RD-180 Main Engine
- NSSL Today
List of Tables
1.) Aerojet Rocketdyne Financial Snapshot
2.) Aerojet Rocketdyne Income Statement ($ Million, EPS in $): 2016-2021
3.) Aerojet Rocketdyne Income Statement ($ Million, EPS in $): First Quarter 2020 vs. 1 Quarter 2019
4.) Aerojet Rocketdyne Balance Sheet ($ Million): 2016-2019
5.) Aerojet Rocketdyne Free Cash Flow ($ Million): 2016-2019
6.) Aerojet Rocketdyne Backlog ($ Billion): 2015-2019
7.) Aerojet Rocketdyne Stock Performance: 2019-2020
8.) Aerojet Rocketdyne Company Valuation $ Million (Year-end, except as noted): 2015-2020
9.) Aerojet Rocketdyne Institutional and Mutual Fund Ownership: December 31, 2019
10.) Aerojet Rocketdyne Revenues by Government Organization (% Sales): 2019
11.) Aerojet Rocketdyne Sales by Largest Customers (%): 2017-2019
12.) Primary Participants in the Rocket Propulsion Market
13.) Solid Rocket Motor Single Source Supplier Risks
14.) Aerojet Rocketdyne Revenue by Program ($ Million) and Growth Rate (%): 2017-2021
15.) Aerojet Rocketdyne Revenue by Largest Programs ($ Million) and Growth Rate (%): 2017-2021
16.) Aerojet Rocketdyne Engines in Production: 2020
List of Figures
1.) Illustration of a Solid Rocket Motor
2.) U.S. Solid Rocket Motor Supply Chain
3.) Solid Rocket Motor Manufacturers Consolidation Since 1995
4.) RS-25 Components and Cost Reduction Objectives
5.) RS-25 Evolution Baselines from Heritage to Restart
6.) Spacecraft Power Requirements (kW): 2000-2030
7.) AEPS ETU Thruster Firing at JPL
8.) Gateway Power and Propulsion Element
9.) Aerojet Rocketdyne AR1 Engines
10.) Blue Origin’s BE-4 Engines
11.) NSSL Contract Obligations by Company ($ Million): 2012-2019
Companies Mentioned
- Aerojet Rocketdyne
- Airbus Defence and Space
- Avio
- Blue Origin LLC
- Electron Technologies, Inc.
- General Dynamics OTS
- Lockheed Martin
- Moog Inc
- Nammo Talley
- NASA
- Northrop Grumman Innovation Systems
- Raytheon
- Safran
- SpaceX
- United Launch Alliance
