financetom
Business
financetom
/
Business
/
L3Harris unit making rocket motors used in Ukraine says business has surged
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
L3Harris unit making rocket motors used in Ukraine says business has surged
Nov 3, 2024 2:35 PM

HUNTSVILLE, Alabama (Reuters) -L3Harris Technologies' business unit Aerojet Rocketdyne has doubled its monthly production of motors for GMLRS rockets that are heavily used in Ukraine, a company executive said on Tuesday, as global demand surges to supply Kyiv and to rebuild shrinking U.S. stockpiles.

Demand for rocket motors is soaring worldwide because of wars in Ukraine and the Middle East. Other militaries are also realizing that future conflicts will likely require many more rockets and missiles - as a part of a new warfighting doctrine dubbed "affordable mass" to describe the sheer volume of firepower involved.

This is good news for L3Harris. In December 2022 the U.S. defense contractor offered to purchase Aerojet, which produces about half of all the rocket motors propelling U.S. military missiles, rockets and other projectiles. But at that time no one knew how long the Ukraine war would last and the Pentagon had signed few contracts to restock its shelves.

Guided Multiple Launch Rocket System rockets, also known as GMLRS, travel about 45 miles (72 km). Their widespread use and success in Ukraine has driven demand from new customers.

"GMLRS was a program that we have kind of unbounded demand for. In the most recent quarter, we've doubled the production that we averaged per month from 2023," said Ross Niebergall, president of Aerojet Rocketdyne.

Since closing on the deal to buy Aerojet, Niebergall said L3Harris has increased capital spending for the rocket motor unit by 84%, while also flooding as many as 75 suppliers with over $25 million to help increase productivity.

Aerojet did not provide GMLRS motor production figures. But Lockheed Martin, the main contractor for GMLRS, was making about 4,600 per year before ramping up production in 2022. Lockheed's GMLRS production is scheduled to rise from 10,000 deliveries in 2024 to 14,000 deliveries in 2025.

The GMLRS production line also uses motors from Northrop Grumman.

The strong demand has spurred new entrants into the U.S. rocket motor manufacturing business, but they do not have mass production capabilities.

Aerojet's facilities around Huntsville, Alabama, have been built out with investments in large carbon-fiber winding devices to make advanced cases, new more automated presses for nozzles and fittings, and better quality control technology under L3Harris' ownership since the deal closed just over a year ago.

The newly fitted-out building produces the critical casings for the most in-demand solid fuel rocket motors, like Javelin antitank weapons and GMLRS rockets as well as much larger rocket motors.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ford plans further job cuts in Europe, German works council says
Ford plans further job cuts in Europe, German works council says
Jun 18, 2024
BERLIN (Reuters) - Ford plans further job cuts in Germany, Spain and the U.K., the head of the worker's council for the US automaker in Germany told Reuters on Tuesday. It is unclear how many additional job cuts are foreseen in Germany under the new restructuring plan, which comes on top of a previous restructuring program, said the head of...
Yum Brands Insider Sold Shares Worth $963,332, According to a Recent SEC Filing
Yum Brands Insider Sold Shares Worth $963,332, According to a Recent SEC Filing
Jun 18, 2024
11:22 AM EDT, 06/18/2024 (MT Newswires) -- David W Gibbs, Director, Chief Executive Officer, on June 17, 2024, sold 7,061 shares in Yum Brands ( YUM ) for $963,332. Following the Form 4 filing with the SEC, Gibbs has control over a total of 231,523 shares of the company, with 165,630 shares held directly and 65,893 controlled indirectly. SEC Filing:...
KalVista Pharmaceuticals Submits New Drug Application to FDA for Investigational Hereditary Angioedema Treatment
KalVista Pharmaceuticals Submits New Drug Application to FDA for Investigational Hereditary Angioedema Treatment
Jun 18, 2024
11:17 AM EDT, 06/18/2024 (MT Newswires) -- KalVista Pharmaceuticals ( KALV ) said Tuesday it submitted a new drug application to the US Food and Drug Administration for its investigational sebetralstat therapy for hereditary angioedema attacks in adults and pediatric patients aged 12 years and above. Sebetralstat met the primary endpoint in a phase 3 trial with both 300 mg...
Phillips 66 seeing tightened margins following Trans Mountain oil pipeline start-up
Phillips 66 seeing tightened margins following Trans Mountain oil pipeline start-up
Jun 18, 2024
June 18 (Reuters) - U.S. refiner Phillips 66 said on Tuesday the start-up of Canada's Trans Mountain pipeline expansion project (TMX) has tightened its margins. TMX was slated to triple the flow of crude from landlocked Alberta to Canada's Pacific coast to 890,000 barrels per day (bpd). ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved