Aerojet Rocketdyne

Last updated
Aerojet Rocketdyne
Company type Subsidiary
NYSE: GY
Industry Aerospace, Defense
Predecessors
Founded1915;109 years ago (1915) in Akron, Ohio, U.S.
FounderWilliam F. O'Neil
Headquarters,
Key people
Ross Niebergall
(Segment President)
RevenueIncrease2.svg US$2.24 billion (2022)
Decrease2.svg US$145 million (2022)
Decrease2.svg US$74 million (2022)
Total assets Decrease2.svg US$2.37 billion (2022)
Total equity Increase2.svg US$541 million (2022)
Number of employees
5,283 (2022)
Parent L3Harris
Website www.l3harris.com/company/aerojet-rocketdyne
Footnotes /references
[1] [2]

Aerojet Rocketdyne is a subsidiary of American defense company L3Harris Technologies that manufactures rocket, hypersonic, and electric propulsive systems for space, defense, civil and commercial applications. [3] [4] [2] Aerojet traces its origins to the General Tire and Rubber Company established in 1915, while Rocketdyne was created as a division of North American Aviation in 1955. [5] [6] Aerojet Rocketdyne was formed in 2013 when Aerojet (then owned by GenCorp) and Pratt & Whitney Rocketdyne were merged, following the latter's acquisition by GenCorp from Pratt & Whitney. [7] [8] On April 27, 2015, the name of the holding company, GenCorp Inc., was changed to Aerojet Rocketdyne Holdings, Inc. [9] Aerojet Rocketdyne Holdings was acquired by L3Harris in July 2023 for $4.7 billion. [10]

Contents

History

Background: Aerojet

Several decades after it began manufacturing rubber products, General Tire & Rubber diversified into broadcasting and aeronautics.

In the 1940s, the Aerojet company began experimenting with various rocket designs. For a solid-fuel rocket, they needed binders, and turned to General Tire & Rubber for assistance. General became a partner in the company.

Radio broadcasting began with the purchase of several radio networks starting in 1943. In 1952, its purchase of WOR-TV expanded the broadcast business into television. In 1953, General Tire & Rubber bought the RKO Radio Pictures movie studio. [11] All of its media and entertainment holdings were organized into the RKO General division.

Due to the studio and rocket businesses, General Tire & Rubber came to own a great deal of property in California. Its internal facilities management unit began commercializing its operations, landing General Tire & Rubber in the real estate business. This started when Aerojet-General Corporation acquired approximately 12,600 acres (51 km2) of land in Eastern Sacramento County. Aerojet converted these former gold fields into one of the premier rocket manufacturing and testing facilities in the Western world. However, most of this land was used to provide safe buffer zones for Aerojet's testing and manufacturing operations. Later, as the need for these facilities and safety zones decreased, the property became available for other uses. Located 15 miles (24 km) northeast of Sacramento along U.S. Highway 50, the properties were valuable, being in a key growth corridor in the region. Approximately 6,000 acres (24 km2) of the Aerojet lands are now being planned as a community called Easton. Easton Development Company LLC was formed to assist in the process. [12]

Background: Rocketdyne

Rocketdyne F-1 engines on the Apollo Space Program's Saturn V first stage. S-IC engines and Von Braun.jpg
Rocketdyne F-1 engines on the Apollo Space Program's Saturn V first stage.

In 1955, North American Aviation spun off Rocketdyne, a developer of rocket motors that built upon research conducted into the German V-2 Rocket after World War II. Rocketdyne would become a major supplier for NASA, producing the Rocketdyne F-1 engine for the Saturn V rocket of the Apollo Space Program as well as the RS-25 engine of the Space Shuttle program and its successor the Space Launch System (SLS) program. Together, Aerojet Rocketdyne has gone on to contribute to every successful NASA Mars mission, including powering the launch, entry, descent, and landing phases of the Perseverance rover mission. [13]

Name change

GenCorp wordmark until 2015. GenCorp wordmark.svg
GenCorp wordmark until 2015.

In 1984, General Tire created a parent holding company, GenCorp, Inc., for its various business ventures.

The main subsidiaries were:

  • General Tire and Rubber.
  • RKO General, the broadcast arm of the conglomerate;
  • DiversiTech General, a manufacturer of tennis balls and polymer products, including automotive soundproofing and home wallpapers.
  • Aerojet General, a defense (missile) contractor.

Through its RKO General subsidiary, the company also held stakes in:

Disconglomeration

Faced with a hostile takeover attempt, among other difficulties, GenCorp shed some of its long-held units in the late 1980s.

RKO General ran into difficulties with the Federal Communications Commission (FCC) during license renewal proceedings in the late 1980s. The FCC was reluctant to renew the broadcast licenses, due to widespread lying to advertisers and regulators. As a result of the protracted proceedings, GenCorp sold RKO General's broadcast properties beginning in 1987.

GenCorp also sold its former flagship, General Tire, to German tire manufacturer Continental AG in order to concentrate on Aerojet.

In 1999, GenCorp spun off its Decorative & Building Products and Performance Chemicals businesses. GenCorp formed OMNOVA Solutions Inc. into a separate, publicly traded company, and transferred those businesses into it.

GenCorp's two remaining businesses, as of 2008, were Aerojet and Easton Real Estate. [14]

Pension problems and leadership changes

GenCorp withdrew its over-funded pension during the real estate boom years of 2006 and 2007. The real estate bust caused an underfunding of the pension plan of over $300 million. This caused a freeze of its pension plan on February 1, 2009, and an end to 401(k) match on January 15, 2009. The move was expected to save the company 29 million a year. [15]

In March 2008, hedge fund Steel Partners II, which owned 14% of GenCorp, made an agreement that saw Terry J. Hall step down as CEO and gave Steel Partners II control of three board seats plus the selection of the new CEO (who would also hold a board seat). Steel Partners II had previously attempted a hostile takeover in 2004, and forced the deal after complaining about "significant underperformance and deterioration of share price". Aerojet President J. Scott Neish was named interim CEO. [16]

In January 2010, Scott Seymour, the former head of Northrop Grumman Integrated Systems from 2002 to 2008, was appointed permanent CEO of GenCorp and Neish resigned. [17]

Aeronautics expansion

Aerojet Rocketdyne logo until 2023, which also used by its holding company. Aerojet Rocketdyne logo.svg
Aerojet Rocketdyne logo until 2023, which also used by its holding company.

In July 2012, GenCorp agreed to buy rocket engine producer Pratt & Whitney Rocketdyne from United Technologies Corporation for $550 million. [18] [19] [20] The FTC approved the deal on June 10, 2013, and it closed on June 17. [21] [22] [23] [24] GenCorp was later renamed Aerojet Rocketdyne Holdings, Inc on April 27, 2015.

Abandoned acquisition by Lockheed Martin

On December 20, 2020, it was announced that Lockheed Martin would acquire the company for $4.4 billion. [25] The acquisition was expected to close in first quarter of 2022, [26] but this received opposition from Raytheon Technologies. Later the FTC sued to block this deal on a 4–0 vote in January 2022 on grounds that this would eliminate the largest independent maker of rocket motors [27] [28] and Lockheed subsequently abandoned the deal in February 2022. [29] [30]

Acquisition by L3Harris

In December 2022, L3Harris Technologies agreed to buy the company for $4.7 billion in cash. [31] The acquisition was completed in July 2023. [10] L3Harris named former CTO Ross Niebergall as president of the new Aerojet Rocketdyne business segment, [2] which would now be headquartered in Palm Bay, Florida. [32]

Products

RS-25 engines Pratt Whitney Rocketdyne space shuttle main engines.jpg
RS-25 engines

Current engines

Former production engines and others

In development

X3 ion thruster

On 13 October 2017, it was reported that Aerojet Rocketdyne completed a keystone demonstration on a new X3 ion thruster, which is a central part of the XR-100 system for the NextSTEP program. [40] [41] The X3 ion thruster was designed by the University of Michigan [42] and is being developed in partnership with the University of Michigan, NASA, and the Air Force. The X3 is a Hall-effect thruster operating at over 100 kW of power. During the demonstration, it broke records for the maximum power output, thrust and operating current achieved by a Hall thruster to date. [40] It operated at a range of power from 5 kW to 102 kW, with electric current of up to 260 amperes. It generated 5.4 newtons of thrust, "which is the highest level of thrust achieved by any plasma thruster to date". [40] [43] A novelty in its design is that it incorporates three plasma channels, each a few centimeters deep, nested around one another in concentric rings. [41] The system is 227 kg (500 lb) and almost 1 metre (3 ft 3 in) in diameter. [40]

Other notable products

Multi-mission Radioisotope Thermoelectric Generator

Aerojet Rocketdyne is the prime contractor to the US Department of Energy for the Multi-mission Radioisotope Thermoelectric Generator. The first flight MMRTG is currently powering the Mars Curiosity Rover, and a second flight unit powers the Perseverance Rover.[ citation needed ]

See also

Related Research Articles

An arcjet rocket or arcjet thruster is a form of electrically powered spacecraft propulsion, in which an electrical discharge (arc) is created in a flow of propellant. This imparts additional energy to the propellant, so that one can extract more work out of each kilogram of propellant, at the expense of increased power consumption and (usually) higher cost. Also, the thrust levels available from typically used arcjet engines are very low compared with chemical engines.

A tripropellant rocket is a rocket that uses three propellants, as opposed to the more common bipropellant rocket or monopropellant rocket designs, which use two or one propellants, respectively. Tripropellant systems can be designed to have high specific impulse and have been investigated for single-stage-to-orbit designs. While tripropellant engines have been tested by Rocketdyne and Energomash, no tripropellant rocket has been flown.

<span class="mw-page-title-main">Centaur (rocket stage)</span> Family of rocket stages which can be used as a space tug

The Centaur is a family of rocket propelled upper stages that has been in use since 1962. It is currently produced by U.S. launch service provider United Launch Alliance, with one main active version and one version under development. The 3.05 m (10.0 ft) diameter Common Centaur/Centaur III flies as the upper stage of the Atlas V launch vehicle, and the 5.4 m (18 ft) diameter Centaur V has been developed as the upper stage of ULA's new Vulcan rocket. Centaur was the first rocket stage to use liquid hydrogen (LH2) and liquid oxygen (LOX) propellants, a high-energy combination that is ideal for upper stages but has significant handling difficulties.

Continental Tire the Americas, LLC, d.b.a. General Tire, is an American manufacturer of tires for motor vehicles, and semi trucks. Founded in 1915 in Akron, Ohio by William Francis O'Neil, Winfred E. Fouse, Charles J. Jahant, Robert Iredell, and H.B. Pushee as The General Tire & Rubber Company using funding from Michael O'Neil, William Francis O'Neills' father, who owned Akron's O'Neil's Department Store. The company later diversified by 1984 into a conglomerate with holdings in tire manufacturing, rubber compounds, rocketry and aeronautics (Aerojet), and broadcasting.

<span class="mw-page-title-main">Rocketdyne</span> American rocket engine design and production company

Rocketdyne was an American rocket engine design and production company headquartered in Canoga Park, in the western San Fernando Valley of suburban Los Angeles, in southern California.

<span class="mw-page-title-main">Saturn IB</span> American rocket used in the Apollo program during the 1960s and 70s

The Saturn IB(also known as the uprated Saturn I) was an American launch vehicle commissioned by the National Aeronautics and Space Administration (NASA) for the Apollo program. It uprated the Saturn I by replacing the S-IV second stage, with the S-IVB. The S-IB first stage also increased the S-I baseline's thrust from 1,500,000 pounds-force (6,700,000 N) to 1,600,000 pounds-force (7,100,000 N) and propellant load by 3.1%. This increased the Saturn I's low Earth orbit payload capability from 20,000 pounds (9,100 kg) to 46,000 pounds (21,000 kg), enough for early flight tests of a half-fueled Apollo command and service module (CSM) or a fully fueled Apollo Lunar Module (LM), before the larger Saturn V needed for lunar flight was ready.

<span class="mw-page-title-main">Rocketdyne H-1</span> American kerolox rocket engine

The Rocketdyne H-1 was a 205,000 lbf (910 kN) thrust liquid-propellant rocket engine burning LOX and RP-1. The H-1 was developed for use in the S-I and S-IB first stages of the Saturn I and Saturn IB rockets, respectively, where it was used in clusters of eight engines. After the Apollo program, surplus H-1 engines were rebranded and reworked as the Rocketdyne RS-27 engine with first usage on the Delta 2000 series in 1974. RS-27 engines continued to be used up until 1992 when the first version of the Delta II, Delta 6000, was retired. The RS-27A variant, boasting slightly upgraded performance, was also used on the later Delta II and Delta III rockets, with the former flying until 2018.

<span class="mw-page-title-main">RL10</span> Liquid fuel cryogenic rocket engine, typically used on rocket upper stages

The RL10 is a liquid-fuel cryogenic rocket engine built in the United States by Aerojet Rocketdyne that burns cryogenic liquid hydrogen and liquid oxygen propellants. Modern versions produce up to 110 kN (24,729 lbf) of thrust per engine in vacuum. Three RL10 versions are in production for the Centaur upper stage of the Atlas V and the DCSS of the Delta IV. Three more versions are in development for the Exploration Upper Stage of the Space Launch System and the Centaur V of the Vulcan rocket.

<span class="mw-page-title-main">RS-68</span> A large hydrogen-oxygen rocket engine that powers the Delta IV rocket

The Aerojet Rocketdyne RS-68 is a liquid-fuel rocket engine that uses liquid hydrogen (LH2) and liquid oxygen (LOX) as propellants in a gas-generator power cycle. It is the largest hydrogen-fueled rocket engine ever flown.

<span class="mw-page-title-main">Staged combustion cycle</span> Rocket engine operation method

The staged combustion cycle is a power cycle of a bipropellant rocket engine. In the staged combustion cycle, propellant flows through multiple combustion chambers, and is thus combusted in stages. The main advantage relative to other rocket engine power cycles is high fuel efficiency, measured through specific impulse, while its main disadvantage is engineering complexity.

<span class="mw-page-title-main">Gas-generator cycle</span> Rocket engine operation method

The gas-generator cycle, also called open cycle, is one of the most commonly used power cycles in bipropellant liquid rocket engines. Part of the unburned propellant is burned in a gas generator and the resulting hot gas is used to power the propellant pumps before being exhausted overboard, and lost. Because of this loss, this type of engine is termed open cycle.

Aerojet was an American rocket and missile propulsion manufacturer based primarily in Rancho Cordova, California, with divisions in Redmond, Washington, Orange and Gainesville in Virginia, and Camden, Arkansas. Aerojet was owned by GenCorp. In 2013, Aerojet was merged by GenCorp with the former Pratt & Whitney Rocketdyne to form Aerojet Rocketdyne.

<span class="mw-page-title-main">RD-180</span> Russian rocket engine

The RD-180 is a rocket engine designed and built in Russia. It features a dual combustion chamber, dual-nozzle design and is fueled by a RP-1/LOX mixture. The RD-180 is derived from the RD-170/RD-171 line of rocket engines, which were used in the Soviet Energia launch vehicle. The engine was developed for use on the US Atlas III and Atlas V launch vehicles and first flew in 2000. It was never used on any other rocket. The engine has flown successfully on all six Atlas III flights and on 87 Atlas V flights, with no failures.

<span class="mw-page-title-main">Space Launch Initiative</span> US NASA & DOD program 2000-2002

The Space Launch Initiative (SLI) was a NASA and U.S. Department of Defense joint research and technology project to determine the requirements to meet all the nation's hypersonics, space launch and space technology needs. It was also known as the second generation Reusable Launch Vehicle program, after the failure of the first. The program began with the award of RLV study contracts in 2000.

<span class="mw-page-title-main">Aerojet LR87</span> American rocket engine family used on Titan missile first stages

The LR87 was an American liquid-propellant rocket engine used on the first stages of Titan intercontinental ballistic missiles and launch vehicles. Composed of twin motors with separate combustion chambers and turbopump machinery, it is considered a single unit and was never flown as a single combustion chamber engine or designed for this. The LR87 first flew in 1959.

The Advanced Cryogenic Evolved Stage (ACES) was a proposed liquid oxygen/liquid hydrogen upper-stage for use on a number of different launch vehicles produced by Boeing, Lockheed Martin, United Launch Alliance (ULA). During the last five years of the program, ACES was proposed for eventual use on the Vulcan space launch vehicle designed by the U.S. company United Launch Alliance. The ACES concept had the objective to improve the on-orbit lifespan of current upper stages.

<span class="mw-page-title-main">Delta Cryogenic Second Stage</span> Japanese-American Delta/SLS rocket part

The Delta Cryogenic Second Stage (DCSS) is a family of cryogenic rocket stages used on the Delta III and Delta IV rockets, and on the Space Launch System Block 1. The stage consists of a cylindrical liquid hydrogen (LH2) tank structurally separated from an oblate spheroid liquid oxygen (LOX) tank. The LH2 tank cylinder carries payload launch loads, while the LOX tank and engine are suspended below within the rocket's inter-stage. The stage is powered by a single Aerojet Rocketdyne-Pratt & Whitney RL10B-2 engine, which features an extendable carbon-carbon nozzle to improve specific impulse.

<span class="mw-page-title-main">Pratt & Whitney Rocketdyne</span> Former American company that designed and produced rocket engines

Pratt & Whitney Rocketdyne (PWR) was an American company that designed and produced rocket engines that use liquid propellants. It was a division of Pratt & Whitney, a fully owned subsidiary of United Technologies Corporation. It was headquartered in Canoga Park, Los Angeles, California. In 2013, the company was sold to GenCorp, becoming part of Aerojet Rocketdyne.

The Aerojet Rocketdyne AR1 is a 2,200-kilonewton-class (500,000 lbf) thrust RP-1/LOX oxidizer-rich staged combustion cycle rocket engine project.

The MARC-60, also known as MB-60, MB-XX, and RS-73, is a liquid-fuel cryogenic rocket engine designed as a collaborative effort by Japan's Mitsubishi Heavy Industries and US' Aerojet Rocketdyne. The engine burns cryogenic liquid oxygen and liquid hydrogen in an open expander cycle, driving the turbopumps with waste heat from the main combustion process.

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