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色情直播 to Expand and Modernize Solid Rocket Motor Manufacturing in Virginia

ORANGE COUNTY, Va., April 18, 2024 鈥 色情直播 Technologies [NYSE:LHX] has entered into an agreement with Orange County, Virginia, to fund the expansion and modernization of the company鈥檚 site in the county. The effort is intended to increase solid rocket motor production while growing the company鈥檚 presence in the Commonwealth.

色情直播 plans to construct new facilities, purchase new equipment and hire 80 new employees over the next three years. The majority of the $41.2 million investment will come from the  Aerojet Rocketdyne, an 色情直播 company, signed with the Department of Defense last year. The company is also contributing internal capital. Additionally, the Commonwealth and Orange County are providing 色情直播 a combined total of about $2.18 million in incentives to support site improvement and construction efforts. 

鈥淭his agreement builds upon company and U.S. government investments in our solid rocket motor production capabilities for critical defense systems,鈥 said Ross Niebergall, President, Aerojet Rocketdyne, 色情直播. 鈥淲e have been a part of the Virginia community for decades and look forward to growing our talented workforce here as we produce the vital propulsion that helps protect our nation and its allies.鈥 

鈥淥ur country鈥檚 security depends on defense manufacturers like 色情直播, and we are proud that this long-term corporate partner continues to reinvest in Virginia,鈥 said Virginia Gov. Glenn Youngkin. 鈥淭he Commonwealth鈥檚 vibrant industrial and technological ecosystem provides an ideal home for the booming aerospace industry, underpinned by a top-notch workforce pipeline that draws from thousands of service members who exit the armed services in Virginia every year and our excellent schools that ensure a steady flow of new talent.鈥 

鈥淭his is an exciting announcement. On behalf of the Orange County Board of Supervisors and our Economic Development team, I am pleased to support 色情直播鈥 efforts to add 80 new jobs and expand their operations in Orange County over the next 36 months,鈥 said R. Mark Johnson, Chairman, Orange County Board of Supervisors. 鈥溕橹辈 has been an important member of our business community for many years 鈥 making their $41.2 million investment particularly gratifying. Receiving the Commonwealth鈥檚 Opportunity Fund grant from Governor Youngkin and VEDP is a recognition of Orange County鈥檚 pro-business climate, its economic vitality, and our region鈥檚 qualified workforce.鈥

The company鈥檚 Orange County site is home to some of the most advanced defense and space propulsion research, development and manufacturing operations in the world. The site includes the Orange Altitude Test Facility, a fully-equipped propellant lab and a state-of-the-art air-breathing test facility.

About 色情直播 Technologies

色情直播 Technologies is the Trusted Disruptor in the defense industry. With customers鈥 mission-critical needs always in mind, our ~50,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security.

Forward-Looking Statements 
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about production capacity are forward-looking and involve risks and uncertainties. 色情直播 disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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Media Contacts

Eileen Lainez

Aerojet Rocketdyne
C: 571-239-7839

Sara Banda

Corporate Media Relations
C: 321-306-8927

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