Aerojet Rocketdyne

Aerojet Rocketdyne (United States), formerly known as GenCorp is involved in the design, development and production of land- and sea-based nuclear ballistic missile systems for the United States. It is currently producing propulsion systems for Minuteman III and D5 Trident nuclear missiles.

Company profile

Aerojet Rocketdyne, formerly GenCorp, based in the US, is engaged in aerospace and military (through subsidiary Aerojet) (more than 99%) and real estate (Easton).[i]

In the financial year ending 30 November 2015, Aerojet Rocketdyne generated revenues of US$ 1.7 billion (€ 1.6 billion), resulting in an operating income of US$ 33.3 million (€ 31.4 million) and a net loss of US$ 16.2 million (€ 15.3 million).[ii]


Nuclear weapons

Aerojet Rocketdyne’s aerospace and military segment is involved in design, development and production of land-based and sea-based nuclear ballistic missile systems.[iii] It currently produces solid and liquid propulsion systems for the Minuteman III and Trident II (D5) nuclear missile systems.[iv] There are 440 Minuteman III currently deployed and they are expected to stay active until at least 2030.[v] The submarine-launched Trident II (D5) missile is currently aboard US Ohio-class and British Vanguard-class submarines.[vi] The US is planning to keep the Trident II missiles deployed until 2042.[vii]

In October 2013, Aerojet Rocketdyne was awarded a US$ 28.9 million (€ 21.2 million) contract under the Air Force Nuclear Weapons Center Propulsion Applications Program (PAP) to develop a Medium Class Stage III motor with propulsion technologies applicable to multiple future common strategic propulsion systems. The programme aims to provide a direct replacement solution option for the Minuteman III stage III motors. Besides modernising and replacing Minuteman III, the motors are also meant to support a wide range of potential strategic propulsion systems. Work is planned to be completed by October 2016.[viii]

In February 2016, Aerojet Rocketdyne was awarded a US$ 3 million (€ 2.7 million) contract for trade studies and hardware demonstrations for the ICBM Demonstration and Validation Post Boost Program over a period of two years. The aim of the programme is to develop and evaluate technologies for the future replacement of the current Minuteman III Propulsion System Rocket Engine (PSRE).[ix]





The following financial institutions have made approximately US$ 3,024 million available to this producer since January 2013.

  • American Century Investments
  • AXA
  • Bank of America
  • Bank of New York Mellon
  • BlackRock
  • Blue Cross Blue Shield Association
  • BPCE Group
  • Charles Schwab
  • Chesapeake Partners Management
  • Citigroup
  • Citizens Financial Group
  • City National Corporation
  • D.E. Shaw & Co.
  • Deutsche Bank
  • Dimensional Fund Advisors
  • Eaton Vance
  • Ferguson Wellman Capital Management
  • Fidelity Investments
  • Fifth Third Bancorp
  • First Eagle Investment Management
  • First Trust Advisors
  • Geode Capital Management
  • GGCP
  • Guggenheim Capital
  • Hartford Financial Services
  • JPMorgan Chase
  • Kennedy Capital Management
  • KeyCorp
  • Kingstown Capital Management
  • Legal & General
  • Legg Mason
  • Lord, Abbett & Co
  • M&T Bank
  • MassMutual Financial
  • Mitsubishi UFJ Financial
  • Mizuho Financial
  • Morgan Stanley
  • New York Life Insurance
  • NewSouth Capital Management
  • Nomura
  • Northern Trust
  • Ohio Public Employees Retirement System
  • Old Mutual
  • Principal Financial Group
  • Private Capital Management
  • Prudential (UK)
  • Regions Financial
  • Renaissance Technologies
  • Rothschild Group
  • Royal Bank of Canada
  • Royal Capital Management
  • SEI
  • State Street
  • Steel Partners Holdings
  • Sumitomo Mitsui Financial
  • Sun Life Financial
  • SunTrust
  • T. Rowe Price
  • Tortoise Holdings
  • US Bancorp
  • Vanguard
  • Victory Capital
  • Visium Asset Management
  • Wells Fargo
  • Winslow Asset Management

Contact Information

Corporate Headquarters
Aerojet Rocketdyne Holdings Inc.
P.O. Box 537012
Sacramento, CA 95853-7012


Twitter: @AerojetRdyne


[Last updated 30 November 2016]


[i]      Aerojet Rocketdyne, “About us”, Website Aerojet Rocketdyne (, viewed June 2016;
Thomson Reuters Eikon, “Aerojet Rocketdyne Holdings – Business info”, Thomson Reuters Eikon, viewed June 2016.

[ii]     Aerojet Rocketdyne, “Annual Report 2015”, Aerojet Rocketdyne, February 2016.

[iii]    Aerojet Rocketdyne, “About”, Website Aerojet Rocketdyne (, viewed June 2016.

[iv]    Aerojet Rocketdyne, “Trident II D-5 PBCS”, Website Aeroject Rocketdyne (, viewed June 2016;
Aerojet Rocketdyne, “Minuteman III PSRE”, Website Aerojet Rocketdyne (, viewed June 2016.

[v]     Woolf, A.E., “US Strategic Nuclear Forces: Background, Developments and Issues”, Congressional Research Service, 10 March 2016 (

[vi]    Lockheed Martin, “Trident II D5 Fleet Balistic Missile (FBM)”, Website Lockheed Martin (–fbm-.html), viewed June 2016.

[vii]    Strategic Systems Programs Public Affairs, “Back to the Future with Trident Life Extension”, Undersea Warfare, Spring 2012 (

[viii]   U.S. Department of Defense, “Daily contract list – Contract FA8219-14-C-0002”, Website U.S. Department of Defense, 18 October 2013 (;
GenCorp, “USAF Awards Aerojet Rocketdyne a Medium Class Stage III Demonstration Contract”, News Release GenCorp, 2 December 2013 (

[ix]    Aerojet Rocketdyne, “Aerojet Rocketdyne Awarded ICBM Demonstration and Validation Post Boost Contract”, News release Aerojet Rocketdyne, 19 February 2016 (


In some nuclear-armed states – in particular the United States, the United Kingdom and France – private companies are hired by governments to carry out work on maintaining and modernising nuclear arsenals. This report looks at companies that are providing the necessary components to develop, test, maintain and modernise nuclear weapons.The contracts these companies have with nuclear armed countries are for materials and services to keep nuclear weapons in their arsenals. The companies described are substantially involved in the nuclear weapons programmes of the United States, the United Kingdom, France, or India and are themselves based in France, India, Italy, the Netherlands, the United Kingdom and the United States.

In other nuclear-armed countries –Russia, China, Pakistan and North Korea – the maintenance and modernization of nuclear forces is carried out primarily or exclusively by government agencies.


The nuclear weapon producers identified were selected on the basis of a predetermined set of criteria.
– Information on investments is publicly available.
– The company is directly involved in the development, testing, production, maintenance or trade of nuclear weapons related technology, parts, products or services.
– The company’s involvement is related to warheads, or to delivery systems such as missiles, that are specifically developed for nuclear tasks. This includes technology that is designed for ‘dual use’ (military and civilian) but excludes technology that is not designed for, but can be used in nuclear warfare. It does not include delivery platforms such as bombers and submarines.

State owned or controlled nuclear industries are outside the scope of this research, as are companies not publicly listed. Our research uncovered a number of Universities involved in nuclear weapons programmes, but these are also outside the scope of the report.

The list of nuclear weapon producers investigated was compiled through a wide variety of sources, including financial institution exclusion lists, civil society reports, media reports, etc. Additional details on the contracts and components can be found in the Annex. We welcome information at any time about possible nuclear weapons producing companies to investigate.