Target Stock Rallies as Activist Interest Sparks Hopes for Strategic Change 
Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026 
Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China as Competition Intensifies 
Hyundai Faces Deadline on Russia Plant Buyback Amid Ukraine War and Sanctions 
Nike Stock Rises After CEO Elliott Hill Buys $1 Million in Shares 
Disney Agrees to $10 Million Settlement Over Child Privacy Violations on YouTube 
Drugmakers Plan 2026 U.S. Price Increases on Over 350 Branded Medications Despite Political Pressure 
Citigroup to Exit Russia With Sale of AO Citibank to Renaissance Capital 
Bain Capital Moves to Acquire Majority Stake in Echo Marketing 
Starlink Plans Satellite Orbit Reconfiguration in 2026 to Boost Space Safety 
Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch 
Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026 
Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026 
Australia’s Modern Gold Rush: Hobby Prospectors Flock to Victoria’s Golden Triangle 
Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms 
Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy 
Royalty Pharma Stock Rises After Acquiring Full Evrysdi Royalty Rights from PTC Therapeutics 
SACRAMENTO, Calif., Oct. 17, 2017 -- Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), announced today that its propulsion systems for Raytheon’s Standard Missile-3 Block IB (SM-3 IB) guided missile supported a NATO-led multinational naval operation off the northwest Scottish coast.
Formidable Shield 2017, a live-fire exercise supported by the U.S. Missile Defense Agency and U.S. Navy, which started Sept. 24 and ran through Oct. 17, included 14 ships, 10 aircraft and approximately 3,300 personnel from Canada, France, Germany, Italy, the Netherlands, Spain, the United Kingdom, and the United States.
During one of four planned events scheduled throughout the complex exercise, the SM-3 IB guided missile was launched from a U.S. destroyer to intercept a ballistic missile target. Aerojet Rocketdyne’s MK-72 booster and MK-104 dual-thrust rocket motor provided first- and second-stage propulsion for the SM-3 IB guided missile, and the company’s Throttling Divert and Attitude Control System precisely maneuvered the kinetic warhead to successfully impact the target.
“An integrated air and missile defense exercise the magnitude of ‘Formidable Shield’ demands the best-of-the-best in terms of the systems utilized to test our Allied Forces’ ability to respond to real threats,” said Aerojet Rocketdyne CEO and President Eileen Drake. “Aerojet Rocketdyne employees across the nation work hard every day to ensure that we provide our warfighters with superior capabilities, and our role in this intense international test underscores trust and confidence in our products.”
Aerojet Rocketdyne is an innovative company delivering solutions that create value for its customers in the aerospace and defense markets. The company is a world-recognized aerospace and defense leader that provides propulsion and energetics to the space, missile defense and strategic systems, tactical systems and armaments areas, in support of domestic and international markets. Additional information about Aerojet Rocketdyne can be obtained by visiting our websites at www.Rocket.com and www.AerojetRocketdyne.com.
Lynn Machon, Aerojet Rocketdyne, 916-355-3587
[email protected]
