Aerojet Rocketdyne’s Affordability and Efficiency Drive Achieves Major Milestones
Aerojet Rocketdyne Holdings, Inc. (AJRD)
Last aerojet rocketdyne holdings, inc. earnings: 2/19 04:11 pm
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US:NYSE Investor Relations:
ir.aerojetrocketdyne.com/investor-relations
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Source: GlobeNewswire
EL SEGUNDO, Calif., Feb. 07, 2019 (GLOBE NEWSWIRE) -- Nearly four years into an aggressive five-year affordability drive, Aerojet Rocketdyne reports that it has already achieved its top major milestones – including relocation of manufacturing capabilities for three key missile defense program products across the country, and elimination of more than 1.1 million square feet of the company’s office and manufacturing space. In March 2015, the company first launched its Competitive Improvement Program (CIP) aimed at reducing product costs and increasing operational efficiency among its 15 sites across the country. A major component of the initiative was the transfer of production of three key defense-related propulsion programs from the Sacramento, California, site to the company’s sites in Camden, Arkansas, and Orange County, Virginia, that had similar manufacturing capabilities. Through a meticulous program management and risk reduction schedule, the company was able to build an
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