Raytheon, Aerojet Rocketdyne Sign New Strategic Sourcing Agreement
June 13, 2016 | Raytheon CompanyEstimated reading time: 1 minute
Raytheon Company and Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. have entered into a new Strategic Sourcing Agreement. Under the SSA, Aerojet Rocketdyne will act as a principal and long-term supplier of its legacy portfolio of propulsion systems and energetics products for key weapons programs.
"This landmark agreement is an important step forward in collaboration between industry partners and the U.S. Government to achieve the objectives of Better Buying Power 3.0," said Raytheon Missile Systems President Dr. Taylor W. Lawrence. "To realize the benefits of this agreement, industry and the U.S. Government must alter their historic way of doing business – that will result in significant taxpayer savings."
As part of the agreement, the two companies will jointly pursue affordability initiatives through 2019.
"We are Raytheon's partner on some of the most important propulsion systems for our nation's warfighters and national defense programs," said Aerojet Rocketdyne CEO and President Eileen Drake. "This agreement expands our long-term relationship with Raytheon and is a direct result of our commitment to deliver quality products on schedule, while remaining firmly focused on affordability."
In 2015, Raytheon presented Aerojet Rocketdyne with an Award for Excellence in Affordability during a supplier conference in Boston, Massachusetts.
About Aerojet Rocketdyne
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.
About Raytheon
Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 94 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I™ products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Mass.
Suggested Items
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).
TT Electronics Awarded Contract with Kongsberg Defence and Aerospace
04/11/2024 | TT ElectronicsTT Electronics, a leading provider of global manufacturing solutions and engineered technologies, announced today that its Fairford UK business has been awarded a new contract with long-standing customer Kongsberg Defence and Aerospace (Kongsberg) for the production of complex cable harness solutions.
Cicor Successfully Completes Acquisition of TT Electronics IoT Solutions Ltd.
04/03/2024 | CicorThe Cicor Group has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. with three production sites in the UK and China.
Absolute EMS Successfully Recertifies ISO 9001:2015 and AS9100 Standards
03/26/2024 | Absolute EMS, Inc.Absolute EMS, Inc., an award-winning EMS provider of turnkey contract manufacturing services, is proud to announce the successful recertification of its ISO 9001:2015 and AS9100 Rev D SAE International Aerospace Standards.
Arlon EMC Receives IPC-4101 QPL Recertification
03/20/2024 | Arlon Electronic MaterialsArlon Electronic Materials has successfully completed an intensive two-day recertification audit by IPC Validation Services that examined Arlon’s manufacturing processes and testing procedures to assure that they are in conformance to the requirements of IPC-4101E-WAM1, the Specification for Base Materials for Rigid and Multilayer Printed Boards.