Aerojet Rocketdyne signs NASA contract to mature development of MPS-130

Aerojet Rocketdyne, has signed a contract with NASA to mature the development of a MPS-130 CubeSat propulsion system using a green propellant known as AF-M315E, the company said.

Once fully developed, the technology will increase CubeSat maneuverability, offer a modular propulsion system largely comprised of 3-D printed components, as well as provide an alternative relative to traditional hydrazine propellant.

Aerojet Rocketdyne is a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) in the aerospace and defense markets. The company provides propulsion and energetics to the space, missile defense and strategic systems, tactical systems and armaments areas, in support of domestic and international markets.