Aerojet Rocketdyne, Inc., a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD), announced that it will consolidate several facilities and relocate their operations to Huntsville, Alabama over the next two years.
“We are two years into the first phase of our [Competitive Improvement Program] CIP affordability drive and the consolidation progress, and overhead cost reductions achieved to date have exceeded our expectations,” said Aerojet Rocketdyne CEO and President Eileen Drake. “We intend to build on this success by expanding our CIP-related consolidation efforts so we can deliver the value our customers demand and position our company for further growth.”
Aerojet Rocketdyne plans to consolidate its Sacramento and Vernon, California, and Gainesville, Virginia, sites while centralizing and expanding its existing presence in Huntsville, Alabama, with a new, state-of-the-art manufacturing facility for AR1 engine production, Additive Manufacturing, Composites production and Research & Development expected to be ready for production in mid-2019.
To accommodate the company’s consolidations, overall growth plans for Huntsville include the addition of approximately 800 jobs to support America’s space and defense needs for the next quarter century and beyond.
https://www.huntsvilleal.gov/aerojet...-700-new-jobs/