United Launch Alliance (ULA) has selected Aerojet Rocketdyne’s RL10 rocket engine to power the upper stage that will fly atop ULA’s new Vulcan Centaur launch vehicle. The selection came as part of a long-term agreement between the two companies that calls for Aerojet Rocketdyne to provide RL10 upper-stage rocket engines to support ULA’s current and future launch vehicles.

United Launch Alliance (ULA) is a joint venture of Lockheed Martin Space Systems and Boeing Defense, Space & Security. ULA was formed in December 2006 by combining the teams at these companies which provide spacecraft launch services to the government of the United States. U.S. government launch customers include both the Department of Defense and NASA, as well as other organizations.

From liftoff to landing, Aerojet Rocketdyne propulsion systems are playing a critical role in the NASA InSight Mars lander mission, launched on May 5, 2018, from Vandenberg, Air Force Base, California, aboard a United Launch Alliance Atlas V rocket.

“Mars missions, especially those that deliver a lander to the planet’s surface, are notoriously challenging, but our team of experienced propulsion engineers is up to the task,” Aerojet Rocketdyne CEO and President Eileen Drake said. “Aerojet Rocketdyne engines have flown aboard every NASA Mars mission, including orbiters and landers, since 1975.”

In the last year, revenue has grown by 8.52%. Measured over the last 5 years, revenue has been growing by 7.34% yearly.

Aerojet Rocketdyne Stock Chart

AJRD chart with rising large players volume.

What a beautiful positive divergence between large players volume and price. The negative Twiggs Money Flow and MACD suggest that stock could chop out for awhile before taking the next leg up.

I give AJRD stock a buy rating. Most analysts agree with my buy rating. Overall there are no sell ratings, 1 hold rating, and 2 buy ratings on the stock.

Disclosure: I do not hold any position in AJRD stock.