Aerojet Rocketdyne Bags NASA Contract For Orion Spacecraft Main Engine

Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) has been selected by NASA to build the Orion Main Engine (OME), the primary propulsion element for Orion spacecraft used to explore deep space.
The financial terms of the contract, which runs through 2032, were not disclosed.
Under the contract, Aerojet Rocketdyne will deliver up to 20 new OME engines for future Artemis missions starting with Artemis VII or supporting other NASA-sponsored, deep space exploration missions.
The OME is a 6,000 pound-thrust bipropellant engine mounted on Orion's European Service module and will be built at Aerojet Rocketdyne's Los Angeles, California, and Redmond, Washington, facilities.
Price Action: AJRD shares are trading higher by 0.52% at $42.21 during the premarket session on Wednesday.