OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
SACRAMENTO, Calif., March 24, 2017 -- Aerojet Rocketdyne, Inc., a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), has received a $1.6 million contract from the U.S. Navy to mature the demonstration capabilities of a power and energy management system that will allow underwater unmanned vehicles (UUVs) to be charged wirelessly undersea. Under the contract, Aerojet Rocketdyne will also mature and demonstrate the system’s software capabilities, which will enable the Navy to prioritize and schedule fielded UUVs that require remote recharging.
The concept is part of the Navy’s Forward-Deployed Energy and Communications Outpost (FDECO) program, which was born out of the Office of Naval Research (ONR).
“Aerojet Rocketdyne has a long, successful history of designing and developing highly efficient, reliable and safe electrical power management systems that operate in extreme environments – on land, in space and at sea,” said Aerojet Rocketdyne CEO and President Eileen Drake. “We look forward to leveraging that expertise and working with the Navy to develop a system that will allow UUVs to travel further than ever before, without giving away their presence to potential threats.”
The Navy uses UUVs for a number of purposes, including ocean-floor mapping, optimizing remote sensing platforms, as well as locating and identifying underwater threats such as mines. With Aerojet Rocketdyne’s power and energy management system, the UUVs will be able to recharge wirelessly, upload data and download orders – without having to travel to a port or surface ships. The Navy will also be able to coordinate multiple UUVs needing to be recharged wirelessly via FDECO.
Once Aerojet Rocketdyne matures the engineering hardware and software technologies, the company will exercise those capabilities in a series of U.S. Navy demonstrations. This contract extends through 2018.
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. Additional information about Aerojet Rocketdyne can be obtained by visiting our websites at www.Rocket.com and www.AerojetRocketdyne.com.
Contact: Glenn Mahone, Aerojet Rocketdyne, 202-302-9941 [email protected] Carri Karuhn, Aerojet Rocketdyne, 818-586-4963 [email protected]
