
L3Harris Technologies [LHX] on Monday said its Aerojet Rocketdyne company has signed a 10-year agreement with the Navy to increase production of solid rocket motors (SRMs) for national defense programs. The company said the agreement creates a public-private partnership, allowing the Naval Surface Warfare Center’s Indian Head Division (NSWC IHD) in Maryland to “become a qualified partner with Aerojet Rocketdyne to perform certain motor manufacturing processes” to increase SRM production amid surging demand for missile systems. “This agreement offers a…