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Missile defense

Lockheed Teams Up With Aerojet Rocketdyne on Next-Gen Interceptor Contract Bid

Lockheed Martin (NYSE: LMT) has partnered with Aerojet Rocketdyne (NYSE: AJRD) to compete for the Missile Defense Agency’s Next-Generation Interceptor program.

Lockheed said Friday its team has proposed an all-up-round interceptor designed to address all environmental survivability elements and will be powered by Aerojet Rocketdyne’s propulsion system.

“Evolution of our deployed Ground-Based Midcourse Defense (GMD) system to defend the homeland is critical,” said Sarah Reeves, vice president of missile defense programs at Lockheed. “The strength of our team comes from an understanding of how to design and sustain radiation hardened strategic systems, the application of advanced digital engineering, and unmatched hit-to-kill performance.”

Reeves confirmed in early August that Lockheed had submitted a bid for the NGI program in response to a solicitation released by MDA in April.

Aerojet Rocketdyne is also part of a team led by Boeing (NYSE: BA) that submitted a proposal in August in pursuit of the NGI contract. Northrop Grumman (NYSE: NOC) will serve as a component supplier on the Boeing-led team, which also includes General Atomics’ electromagnetic systems business.

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