GlobeNewswire Inc | Mar 23, 2021 07:44PM EDT

March 23, 2021

HUNTSVILLE, Ala., March 23, 2021 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has been selected by Lockheed Martin to provide propulsion as a key member of their team supporting the Next Generation Interceptor (NGI) program. Lockheed Martin has been awarded a contract by the Missile Defense Agency (MDA) for the Technology Development phase of the NGI program, a key element of the MDAs missile defense system, designed to intercept and destroy incoming intercontinental ballistic missiles.

Aerojet Rocketdynes proven propulsion has been successful on Ground-based Midcourse Defense system flight tests. Were now applying decades of missile defense experience combined with multiple advanced propulsion technologies to support the Next Generation Interceptor program, said Eileen P. Drake, Aerojet Rocketdyne CEO and president. Were proud to partner with Lockheed Martin to enable our nations defense with innovative, affordable propulsion.

Aerojet Rocketdyne provides industry-leading kill vehicle and kinetic warhead propulsion to all of the MDA programs currently in production, including the Ground-based Midcourse Defense system. Aerojet Rocketdyne provides a broad range of products to support our nations missile defense systems, including liquid & solid Divert & Attitude Control Systems, solid rocket boost motors and targets. The company delivers high performance, affordable propulsion due to its significant investments in technology, manufacturing affordability, facility modernization and a highly skilled workforce.

The views expressed are those of Aerojet Rocketdyne and do not constitute an endorsement by the Missile Defense Agency.

About Aerojet Rocketdyne: Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), is a world-recognized aerospace and defense leader that provides propulsion systems and energetics to the space, missile defense and strategic systems, and tactical systems areas, in support of domestic and international customers. For more information, visit www.Rocket.com and www.AerojetRocketdyne.com. Follow Aerojet Rocketdyne and CEO Eileen Drake on Twitter at @AerojetRdyne and @DrakeEileen.

Media Contact:Eileen Lainez, Aerojet Rocketdyne, 571-239-7839Eileen.Lainez@rocket.com