Aerojet Rocketdyne has expansion plans for its Southern Arkansas facility where the company manufactures solid rocket motors and warheads critical to national defense, the company said.
Aerojet Rocketdyne´s currently envisioned expansion plans include investing in new infrastructure and creating more than 140 new jobs over the next three years. The growth would bring total employment to approximately 900 employees at the facility. Working in partnership with Arkansas Economic Development Commission (AEDC), Calhoun and Ouachita Counties, more than USD 50 million dollars will be invested in the expansion.
Large solid rocket motors will provide propulsion for the Air Force´s Ground Based Strategic Deterrent (GBSD), a next-generation system which will replace aging Minuteman III intercontinental ballistic missiles.
This expansion follows a 2015 announcement for plans to add 85 new full-time employees and invest USD 18 million in new buildings, upgrades and equipment. It was one of the first expansion announcements of Hutchinson´s administration after taking office earlier that year, and it was finalized during a meeting between the governor and several Aerojet Rocketdyne leaders at that year´s Paris Air Show.
Arkansas Economic Development Commission (AEDC) seeks to create economic opportunity by attracting higher-paying jobs, expanding and diversifying local economies in the state, increasing incomes and investment, and generating positive growth throughout The Natural State.
Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), is a leader in the development and manufacture of aerospace and defense products 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.