Aerojet Rocketdyne Expands Huntsville Presence With New Facility

Aerojet Rocketdyne Holdings Inc AJRD said it is expanding its Huntsville presence with additional job opportunities and a new facility to increase manufacturing and office space.
The company expects the 379,000 sq. ft. manufacturing facility near Huntsville International Airport to be operational in 2023.
The expansion will allow Aerojet Rocketdyne to increase manufacturing capacity for the nation's defense production needs.
The expansion includes transitioning some inert work from the company's Camden, Arkansas facility.
"Huntsville has been home to Aerojet Rocketdyne's Defense Headquarters since its founding, and with this expansion of both talent and space, we're pleased to grow our presence in the Rocket City," said CEO Eileen P. Drake.
Price Action: AJRD shares are trading higher by 0.15% at $51.25 on the last check Monday.