Home / Contract Awards / Aerojet Rocketdyne Subsidiary to Provide MDA Additional Missile Targets Under $140M Contract Modification

Aerojet Rocketdyne Subsidiary to Provide MDA Additional Missile Targets Under $140M Contract Modification

Jeff Brody

Coleman Aerospace, a subsidiary of Aerojet Rocketdyne (NYSE: AJRD), has secured a $140.1M contract modification to supply six medium-range ballistic missile targets and perform related engineering services to the Missile Defense Agency.

The modification exercises an option under a previously awarded contract and increases the total contract value to $506.5M, the Department of Defense said Thursday.

MDA is obligating $22.5M at the time of award from the agency's fiscal 2019 research, development, test and evaluation funds.

Work is scheduled to commence this month and will continue through December 2027.

The original contract was awarded before L3 Technologies (NYSE: LLL) sold Coleman Aerospace to Aerojet Rocketdyne.

Check Also

Carahsoft Adds AWS Offerings on GSA IT Schedule 70 Contract; Will Jones Quoted

Carahsoft Technology has expanded its role as an Amazon Web Services distributor by offering the AWS suite of cloud-based products and services via the General Services Administration's IT Schedule 70 contract vehicle.

AE Industrial Partners to Buy Rotocraft Services Provider Columbia Helicopters

Private equity firm AE Industrial Partners has agreed to acquire heavy-lift rotorcraft manufacturing and operations services provider Columbia Helicopters for an undisclosed amount. AEI said Thursday Columbia Helicopters CEO Steve Brandy will continue to serve in his position and Nancy Lematta will keep her majority share as part of the transaction.