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Business/Financial

Raytheon Awards Aerojet $1 Billion Sourcing Deal For Standard Missile Propulsion Systems

By Cal Biesecker

Thursday, March 26th, 2020

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Raytheon Awards Aerojet $1 Billion Sourcing Deal For Standard Missile Propulsion Systems

Standard Missile-2 rocketing skyward. Aerojet Rocketyne supplies the Mk 72 and Mk 104 rocket motors for the various SM programs. Photo: Aerojet Rocketdyne

Raytheon [RTN] on Thursday said it has agreed to a $1 billion strategic sourcing agreement with Aerojet Rocketdyne [AJRD] for the supply of propulsion systems for Standard Missile (SM) programs over the next five years, a deal that replaces an annual contract. Raytheon said the multi-year arrangement with Aerojet is the “centerpiece” of its supply chain efforts following recent multi-year contracts for the SM program, which include separate $1 billion production awards last December from the Missile Defense Agency for…

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