SACRAMENTO, Calif., Nov. 28, 2011 /PRNewswire-FirstCall/ -- Aerojet, a GenCorp (NYSE: GY) company, announced today that it has successfully completed a major milestone in the development of a ground demonstrator for the Next Generation Engine (NGE) program. Aerojet, along with its partner Florida Turbine Technologies, Inc. (FTT), recently completed the Preliminary Design Review (PDR) of the turbopump assembly before an Independent Review Team comprised of third party turbomachinery experts.
"We continue to make steady progress on a modern, all-U.S. LOX/hydrogen upper stage engine which will significantly reduce U.S. launch vehicle propulsion costs and improve performance," said Aerojet's Vice President of Space and Launch Systems, Julie Van Kleeck. "We are looking forward to a future open NGE competition that focuses on modern and affordable design and manufacturing approaches that are critical to long-term launch vehicle propulsion sustainability. It has been decades since there has been an open engine competition in this country which has not been good for U.S. competitiveness or its propulsion industrial base. Today, unfortunately, we fly a mix of costly old technology and foreign engines, neither of which will allow the U.S. to maintain Space Access Leadership. A competitively procured NGE will have a very significant positive effect on the U.S. propulsion industrial bases' competitiveness and Aerojet will provide a compelling solution to this challenge."
Aerojet has been preparing for a new LOX/hydrogen competition for many years. The company has executed or shared in more than 40 different programs that have generated dozens of discrete design and manufacturing technologies that are now being incorporated into the company's low-risk NGE design.
More recently, the Aerojet/FTT team successfully built and tested the Upper Stage Engine Technology (USET) hydrogen pump at the Air Force Research Laboratory (AFRL). The USET program is an AFRL Integrated High Payoff Rocket Propulsion Technology (IHPRPT) program that started in 2003 and is focused on the next generation of physics-based modeling and simulation design tools to reduce design time, lower cost and increase fidelity for the next U.S. upper stage engine. Other recent foundational LOX/hydrogen programs at Aerojet include the Liquid Engine Test Bed and the Integrated Powerhead Demonstrator, which were produced for NASA's Marshall Space Flight Center and for the AFRL respectively. Critical tooling as well as sea-level and altitude test sites for NGE are already in place at Aerojet or at its partner companies.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV