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Aerojet Rocketdyne Bags RL10 Engine Contract From United Launch Alliance

Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) has secured an RL10 contract to deliver 116 RL10C-X engines for its Vulcan Centaur rocket from…
byAkanksha Bakshi
April 11, 2022
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  • Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) has secured an RL10 contract to deliver 116 RL10C-X engines for its Vulcan Centaur rocket from United Launch Alliance (ULA), a Lockheed Martin Corp (NYSE: LMT) and Boeing Co (NYSE: BA) JV company. Financial terms were not disclosed.
  • The new engines will support ULA as it works to fulfill its commitments under a contract it recently received from Amazon.com Inc (NASDAQ: AMZN) as part of the largest commercial launch contract, to support the launch of its Kuiper satellite constellation.
  • The RL10 engine currently powers the upper stages of ULA’s Atlas V and Delta IV launch vehicles and will soon begin supporting ULA’s Vulcan Centaur and NASA’s Space Launch System.
  • Price Action: AJRD shares are trading higher by 1.01% at $42.52 on the last check Monday.
 
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This year marks the centennial of the Tulsa Race Massacre, which saw the destruction of a Black community in Oklahoma that, despite the brutality of state-sanctioned segregation, achieved an uncommonly strong level of commercial prosperity. The community was hailed as Black Wall Street because of the surplus level of businesses that thrived in this unlikely environment.

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