Aerojet Rocketdyne to Provide Additional Armor-Piercing Components for M1 Abrams Main Battle Tank Rounds

Rhea-AI Summary

Aerojet Rocketdyne’s specialty metal provider, Aerojet Ordnance Tennessee, has secured a multi-year Indefinite Delivery Indefinite Quantity contract valued at up to $75 million from the Army’s Project Manager for Maneuver Ammunitions Systems. This contract is aimed at supplying components for the M829A4 120mm Kinetic Energy round, designed for use in the M1 Abrams Main Battle Tank. The M829A4 represents the latest in armor-piercing technology and is recognized for its superior accuracy and lethality. CEO Eileen P. Drake expressed satisfaction in continuing support for the Army with this advanced weaponry, emphasizing its importance in maintaining defense capabilities.

Positive

• Awarded a $75 million contract for M829A4 120mm round components.
• Continues long-term supply of components for the M1 Abrams Main Battle Tank.
• M829A4 is recognized for its advanced armor-piercing capabilities and superior accuracy.

Negative

• None.

JONESBOROUGH, Tenn., April 20, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne’s specialty metal provider Aerojet Ordnance Tennessee (AOT) has been awarded a multi-year Indefinite Delivery Indefinite Quantity contract worth up to $75 million by the Army’s Project Manager for Maneuver Ammunitions Systems to provide M829A4 120mm Kinetic Energy round components. The M829A4 is an Armor-Piercing, Fin-Stabilized, Discarding-Sabot, Tracer round fired from the U.S. Army’s M1 Abrams Main Battle Tank.

“We are pleased to continue supporting the Army with the cutting-edge, armor-piercing technology that protects our forces and keeps our adversaries on the defensive,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president. “In terms of precision and lethality, the M829A4 tank round is second to none, which is what our brave men and women in uniform deserve.”

Aerojet Rocketdyne has provided these armor-piercing components since the introduction of the M1 Abrams Main Battle Tank.

The M829A4 is the newest design of the U.S. Army’s Kinetic Energy tank round and the 5th generation of technology for kinetic energy projectile design. The round is proven to have outstanding accuracy and lethality.

About Aerojet Rocketdyne: Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), is a world-recognized aerospace and defense leader that provides propulsion systems and energetics to the space, missile defense and strategic systems, and tactical systems areas, in support of domestic and international customers. For more information, visit www.Rocket.com and www.AerojetRocketdyne.com. Follow Aerojet Rocketdyne and CEO Eileen Drake on Twitter at @AerojetRdyne and @DrakeEileen.

Media Contact:
Eileen Lainez, Aerojet Rocketdyne, 571-239-7839
eileen.lainez@rocket.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fca91346-6b3a-4cbb-add2-34b99d707d90

FAQ

What contract has Aerojet Rocketdyne received recently?

Aerojet Rocketdyne has received a multi-year contract worth up to $75 million to supply components for the M829A4 120mm Kinetic Energy round.

What is the significance of the M829A4 round?

The M829A4 round is an advanced armor-piercing, fin-stabilized round for the M1 Abrams tank, known for its accuracy and lethality.

When was the contract awarded to Aerojet Rocketdyne?

The contract was awarded on April 20, 2023.

What company is the parent of Aerojet Rocketdyne?

Aerojet Rocketdyne is a subsidiary of Aerojet Rocketdyne Holdings, trading under the ticker symbol AJRD.