This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aerojet Rocketdyne And Fakel Announce Expansion Of Teaming Agreement For Low-Power Hall Thrusters

SACRAMENTO, Calif., June 18, 2013 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne, a GenCorp (NYSE:GY) company, and Experimental Design Bureau (EDB) Fakel of Kaliningrad, Russia, announced today at the Paris Air Show the signing of an extension to the teaming agreement between the two companies.

The agreement provides Aerojet Rocketdyne with the right to market and sell Fakel's low-power Hall thrusters (<1.5kW) in the United States market.

"This teaming agreement combines Fakel's flight-proven, low-power Hall thrusters with Aerojet Rocketdyne's flight proven, high-power Hall systems to enable Aerojet Rocketdyne-provided Hall solar electric propulsion system solutions in the United States market," said Roger Myers, Aerojet Rocketdyne executive director, Systems and Technology Development. "This will enable us to cover the full power spectrum needs of our customers."

Fakel is the world's leading supplier of low-power Hall thrusters with more than 408 thrusters flown to date. Aerojet Rocketdyne is the world's leading supplier of in-space propulsion systems with more than 16,000 flight engines (chemical and electric) flown to date.

This teaming agreement enables supply of Fakel's industry-leading, low-power Hall thruster products and explores the addition of thruster orientation mechanisms into the U.S. market. Fakel also is a supplier of monopropellant thrusters that produce a thrust range of 0.1 to 10 N. More than 3,100 such monopropellant thrusters produced by Fakel have been installed on Russian spacecraft.

Additional information about EDB Fakel can be obtained by visiting the company's website at http://www.fakel-russia.com .

About Aerojet Rocketdyne

Aerojet Rocketdyne is a world-recognized aerospace and defense leader providing propulsion and energetics to the space, missile defense, strategic, tactical missile and armaments sectors for both domestic and international markets. Find out more about the new Aerojet Rocketdyne at http://www.Rocket.com .
CONTACT: Glenn Mahone, Aerojet Rocketdyne, 202.302.9941
         Glenn.Mahone@Rocket.com
         Kristin Conner, Aerojet Rocketdyne, 916.355.2143
         Kristin.Conner@Rocket.com

company logo

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs