An Estimated 2020 Revenue of $2 Billion and Approximately 5,000 Employees
With an estimated 2020 revenue of $2 billion and approximately 5,000 employees, Aerojet Rocketdyne barely makes it into the ranks of America’s top-fifty military contractors as calculated by Defense News. However, the big Defense players like Lockheed Martin, Boeing, and Raytheon would be hamstrung if Aerojet Rocketdyne’s products became unavailable. The reason is that Aerojet Rocketdyne specializes in rocket, missile, and space systems propulsion, an industry in which sector consolidation has left only two major domestic sources (the other being Northrop Grumman).
"Space Letter International Volume 3 - Aerojet Rocketdyne: Financial Update and United States Anti-Ballistic Missile Markets Analysis Including Ground-Based Midcourse Defense, Aegis Ballistic Missile Defense, Patriot Advanced Capability-3, Terminal High Altitude Area Defense, Space-Based Homeland Defense" provides an update on Aerojet Rocketdyne’s financial performance through the second quarter of 2020, a detailed look at the company’s operations, and an in-depth analysis of one of its major end-use markets: Anti-Ballistic Missile (ABM) systems including Ground-Based Midcourse Defense (GMD), Aegis Ballistic Missile Defense, Patriot Advanced Capability-3 (PAC-3) Terminal High Altitude Defense (THAAD), and soon, Space-based Defense systems.
Volume 3 is intended for those interested in defense and military space technologies, defense and commercial space-related markets, propulsion systems providers, and military space activities. This includes senior executives, CIO’s, CTO’s, as well as financial institutions and management consultants.
Countries Covered:
- United States
- Japan
- Persian Gulf States
- China
- Russia
- Iran
- North Korea
- Poland
- Romania
- Spain
- South Korea
Products Mentioned:
- Rocket Engines
- Ballistic Missiles
- Ballistic Missile Defense Systems
- Ground-Based Midcourse Defense
- Aegis Ballistic Missile Defense System
- Standard Missile
- PAC-3
- Terminal High Altitude Area Defense
- National Security Space Launch
- Hypersonic Weapons
Table of Contents
1. INTRODUCTION
- Methodology and Sources
- Statistical Notes
2. EXECUTIVE SUMMARY
3. AEROJET ROCKETDYNE HOLDINGS INC.
- Company Overview
- Segments
- Aerospace and Defense
- Stock Snapshot
- Investment Takeaways
- Q2 2020 Financial Overview
- First Half 2020 vs. First Half of 2019
- Backlog
- COVID-19
- Income Statement
- Balance Sheet
- Cash Flows
- Capitalization
- Stock Performance
- Stock Price Outlook
- Customers
- Largest Customers
- Competition
- Products
- Programs
- Largest Programs
- Rocket Engines
- National Security Space Launches
4. U.S. ANTI-BALLISTIC MISSILE DEFENSE SYSTEMS MARKETS
- ABM Defense Systems Market Size
- MDA vs. Space Force
- ABM Market by Segment
- Hypersonic Weapons
- Competitive Environment
5. BALLISTIC MISSILE DEFENSE SYSTEMS
- Air and Missile Threats
- Ballistic Missiles
- Origins
- Ballistic Missile Types
- Ballistic Missile Threats
- North Korea
- Iran
- China
- Star Wars
- Missile Defense Agency
- Ballistic Missile Defense
- BMDS
- Mission
- BMDS Elements
- Acquisition Policies
- ABM Treaty
- Ground-Based Midcourse Defense (GMD)
- Aegis BMD
- Terminal High Altitude Area Defense (THAAD)
- Patriot Advanced Capability-3 (PAC-3)
- USSTRATCOM
- Foreign BMD Participation
- European Phased Adaptive Approach (EPAA)
- Other Regional BMD Cooperative Efforts
- Cooperation with Israel
- Legislative Issues
- BMD Major Contractors
6. MISSILE DEFENSE BUDGET
- FY21 Developments
- DOD Mission
- DOD Budget
- Missile Defeat and Defense Budget
- Missile Defense Agency
7. GROUND-BASED MIDCOURSE DEFENSE
- Background
- GMD Overview
- Mission
- Administration
- Development Cost
- Fielded Inventory
- GMD System Operation
- Deployed GMD Systems
- Flight Tests
- Interceptor Costs
- EKV
- Redesigned Kill Vehicle
- Sensors and Radars
- SSPARS
- Enhanced Capability
- Next Generation Interceptor
- NGI Price
- NGI Deployment
- NGI Budget
- NGI Contractors
- GMD Budget
- Major Contractors
- Contracts
8. AEGIS BALLISTIC MISSILE DEFENSE
- Aegis Overview
- Aegis System
- Mission
- Aegis Budget
- Aegis Ships
- Ticonderoga (CG-47) Class Aegis Cruisers
- Arleigh Burke (DDG-51) Class Aegis Destroyers
- Aegis Ships in Allied Navies
- Aegis BMD System
- Aegis BMD System Versions and Capabilities
- Aegis BMD Interceptor Missiles
- SM-3 Midcourse Interceptor
- LEAP
- SM-3 Variants
- MK 72 Booster
- SM-3 Deployment
- SM-2 and SM-6 Terminal Interceptors
- SM-6
- European Phased Adaptive Approach
- Aegis Capable Ships
- Aegis Destroyers in Spain
- Development Philosophy
- Allied Aegis Programs
- Japan
- South Korea
- Other Countries
- Aegis Procurement and R&D Funding
- Aegis BMD Flight Tests
- SM-3 Missile Price
- Major Contractors
- 2019 Contracts
- 2020 Contracts
9. PATRIOT ADVANCED CAPABILITY-3
- PAC-3 System
- Mission
- Multi-Domain Operations
- Patriot
- Configuration
- Patriot PAC-1
- Patriot PAC-2
- Patriot PAC-3
- Missile Segment Enhancement
- AN/MSQ-104 ECS
- AN/MPQ-53/65
- Foreign Purchases
- Intercept Record
- Integrated Battle Command System
- Compatibility
- MEADS
- Major Contractors
- 2019 Contracts
- 2020 Contracts
10. TERMINAL HIGH ALTITUDE AREA DEFENSE
- THAAD System
- Mission
- Regional Missile Defense
- Terminal High Altitude Area Defense Issues
- THAAD Budget
- THAAD Variant for Hypersonic Interceptors
- Major Contractors
- 2019 Contracts
- 2020 Contracts
11. SPACE-BASED HOMELAND DEFENSE
- Importance of Space
- Space-Based Budget
- Current United States Homeland Defense
- Space-Based Sensors
- Defense Support Program
- Space-Based Infrared System
- Next-Generation Overhead Persistent Infrared
- Program Background and Expected Results
- Program Timeline
- Key Elements of Program Business Case
- Critical Technologies
- Software Development and Cybersecurity
- Other Program Issues
- Risks
- Space Modernization Initiative
- Program Elements
- Ground
- FORGE
- Blocks
- Space & Missile Systems Center
- Next-Gen OPIR Budget
- Contractors
- Space Tracking and Surveillance System
- Near Field Infrared Experiment
- Space-Based Kill Assessment
- Precision Tracking Space System
- Hypersonic and Ballistic Tracking Space Sensor
- Space Development Agency
- Missile Tracking Layer
- HBTSS Current Developments
- Strategic Implications
- HBTSS Timeline
- Directed Energy Weapons
- UAV Laser Benefits
- UV Laser Limitations
- U.S. Companies Activities
- Northrup Grumman
Appendix
- Appendix 1: Ground-Based Midcourse Defense Contract Details: 2019
- Appendix 2: Aegis Ballistic Missile Defense Contract Details: 2019
- Appendix 3: Patriot Advanced Capability-3 Contract Details: 2019
- Appendix 4: Terminal High Altitude Area Defense Contract Details: 2019
List of Tables
1.) Aerojet Rocketdyne Stock Snapshot: August 2020
2.) Aerojet Rocketdyne Financial Overview ($ Million, EPS in $): Three and Six Months Ended June 30, 2020, and 2019
3.) Aerojet Rocketdyne Income Statement ($ Million, EPS in $): First Quarter 2020 vs. 1 Quarter 2019
4.) Aerojet Rocketdyne Backlog ($ Billion): 2019-2020
5.) Aerojet Rocketdyne Income Statement ($ Million): 2018-2021
6.) Aerojet Rocketdyne Balance Sheet ($ Million): 2019-2020
7.) Aerojet Rocketdyne Cash Flows ($ Million): 2019-2020
8.) Aerojet Rocketdyne Capitalization ($ Million): August 2020
9.) Aerojet Rocketdyne Capitalization ($ Million): 2015-2020
10.) Aerojet Rocketdyne Stock Performance: 2019-2020
11.) Aerojet Rocketdyne Earnings Per Share ($): 2018-2022
12.) Aerojet Rocketdyne Revenues by Government Organization (%): 2019
13.) Aerojet Rocketdyne Sales by Largest Customers (%): 2017-2019
14.) Primary Participants in the Rocket Propulsion Market: 2020
15.) Aerojet Rocketdyne Revenue by Program ($ Million) and Growth Rate (%): 2017-2021
16.) Aerojet Rocketdyne Revenue by Largest Programs ($ Million) and Growth Rate (%): 2017-2021
17.) Aerojet Rocketdyne Engines in Production: 2020
18.) U.S. Anti-Ballistic Missile Defense Systems Market, Missile Defense Agency vs. Space Force: ($ Billion): 2019-2025
19.) U.S. Anti-Ballistic Missile Defense Market by Weapon System: ($ Million): 2019-2021
20.) U.S. Missile Defeat and Hypersonic Strike Budget: ($ Million): 2019-2025
21.) U.S Hypersonic Weapons Revenue by Contractor: ($ Million): 2018-2020
22.) U.S. Department of Defense Hypersonic Weapons Programs Funding by Title ($ Million): 2020-2021
23.) U.S. Anti-Ballistic Missile Defense Systems Market by Company Sales and Market Shares: ($): 2019-2021
24.) Ballistic Missile Defense System Elements
25.) U.S. Ballistic Missile Defenses: 2020
26.) U.S. Department of Defense Budget by Category ($ Billion): 2018-2021
27.) U.S. GDP ($ Billion): 2018-2021
28.) U.S. Department of Defense Missile Defense and Defeat Budget ($ Billion): 2021
29.) U.S. Missile Defense Agency Appropriations by Then-Year and 2021 Dollars ($ Billion): 2021
30.) U.S. Missile Defense Agency Appropriations Requests by Operations/Maintenance, Procurement, RDT&E, and MILCON by Programs ($ Million): FY2021
31.) U.S. Non-Missile Defense Agency Appropriations Requests by Air Force/Space Force, Army, Navy/Marine Corps, SDA, Missile Defeat & Hypersonic Strike by Programs ($ Million): FY2021
32.) GMD Contracts Given by Company, Contract Value ($), Contracting Activity and Date: 2019
33.) Capabilities of Aegis BMD System Variants
34.) SM 6 Requested and Programmed Procurement ($ Million: FY2020-FY2025
35.) MDA Procurement and R&D Funding for Aegis BMD Efforts: 2021-2025
36.) Aegis Contracts Given by Company, Contract Value ($), Contracting Activity and Date: 2019
37.) Army Modernization Funding by Priority ($ Billion): 2019-2020
38.) PAC-3 Contracts Given by Company, Contract Value ($), Contracting Activity and Date: 2019
39.) THAAD Contracts Given by Company, Contract Value ($), Contracting Activity and Date: 2019
40.) Next-Gen OPIR Program Essentials
41.) Attainment of Middle-Tier Acquisition Knowledge: 2020
42.) Next-Gen OPIR Development Schedule by Year: 2018-2025
43.) Next-Gen OPIR Program Costs by Element ($ Thousand) and Growth Rate (%): 2018-2025
44.) Next-Gen OPIR Program Contracts by Company ($ Thousand): FY2021
List of Figures
1.) Aerojet Rocketdyne Stock Chart: 2015-2020
2.) Vulcan Centaur and Aerojet Rocketdyne RL10 Engines Schematic
3.) Ballistic Missile Ranges
4.) Current and Future Potential Adversary Offensive Missile Capabilities
5.) North Korea Ballistic Missiles
6.) Iran Ballistic Missiles
7.) Ballistic Missile Defense Architecture
8.) U.S. Homeland Command and Control, Battle Management and Communications (C2BMC): 2020
9.) U.S. Homeland Missile Defense Growth: 2018-2030
10.) DOD Outlays as a Percent of Gross Domestic Product: 1953-2025
11.) U.S. Missile Defense Appropriations by Budget Categories (Billion 2021 $): 2016-2025
12.) Ground-Based Interceptor Being Loaded into Its Silo: 2004
13.) Ground-Based Midcourse Defense Interceptor Schematic
14.) Ground-Based Midcourse Defense Interceptor Launch
15.) Ground-Based Midcourse Defense System
16.) Construction of Missile Field 4 at Fort Greely, Alaska
17.) SSPARS Radar
18.) GMD Program by Element (2021 $ Billion): 2016-2025
19.) GMD Silos and Silo Interface Vaults Being Shipped by Barge and Truck to Fort Greely, Alaska
20.) Aegis BMD SM-3 Evolution
21.) Standard Missile -3 Block IB Launch from USS DONALD COOK
22.) SM 6 Launching from a Ship
23.) Aegis Ashore and Vertical launch System
24.) Patriot Missile Defense System
25.) Soldiers Providing Security During THAAD Transportation Operations
26.) THAAD Launch
27.) U.S. Homeland Defense Architecture: 2020
28.) Next-Generation Overhead Persistent Infrared Geosynchronous Earth Orbiting Warning Satellite
29.) Next-Generation Overhead Persistent Infrared Polar Warning Satellite
30.) Middle Tier of Acquisition
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
- United Launch Alliance
