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Raytheon, Aerojet Rocketdyne Reach Strategic Sourcing Agreement

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Raytheon, Aerojet Rocketdyne Reach Strategic Sourcing Agreement
A SM-3 during a test. Photo: MDA.

Raytheon [RTN] and Aerojet Rocketdyne [AJRD] have reached a "strategic sourcing agreement" that one Raytheon executive believes, if approved by the Defense Department, could save the military roughly $100 million.Raytheon Missile Systems Supply Chain Management Vice President John Brauneis told Defense Daily Monday the agreement with Aerojet Rocketdyne is a four-year deal that covers seven programs and nine products across all four services. He said these programs include the Standard Missile family of rockets, Tomahawk, Stinger, Griffin and Patriot GEM-T.Brauneis…

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