Space Letter International Volume 1: Aerojet Rocketdyneの財務分析、製品、プログラム、顧客、競合企業

Aerojet Rocketdyneは、世界的なロケット推進システムのメーカーであり、60年以上にわたってロケット推進システムを製造してきました。同社は、1969年にアポロ11号が最初の宇宙飛行士を月面に運び、無事帰還するのを支援し、スペースシャトルのすべてのミッションにも参加しています。同社は、これまで1,600回以上のロケットの打ち上げを支援しています。

当レポートは、Aerojet Rocketdyneを詳細に分析したもので、財務実績、製品、顧客、 競合、RS-25エンジン、Standard Missile/Aegisシステム、THAAD、PAC-3、GBSDなどに加え、極超音速兵器、AR1エンジン、原子力推進、太陽電気推進などの新たな技術、National Security Space Launch プログラムとロシアのRD-180エンジンについても解説します。

目次

• イントロダクション
• エグゼクティブサマリー
• AEROJET ROCKETDYNE HOLDINGS INC。
  • 会社概要
  • セグメント
  • 財務のスナップショット
  • 損益計算書
  • 新型コロナウイルス感染症（Covid-19）の影響
  • バランスシート
  • フリーキャッシュフロー
  • 受注残高
  • 財務実績
  • 所有権
  • 顧客
  • 主な顧客
  • 競合企業
  • 固体ロケットモーターの供給企業
  • 製品
  • プログラム
  • 最大のプログラム
  • RS-25エンジン
  • Standard Missile/Aegis弾道ミサイル防衛システム
  • 終末高高度防衛ミサイル
  • PAC-3
  • Ground Based Strategic Deterrent
  • 極超音速兵器
  • 新技術
  • 原子力推進
  • 太陽電気推進
  • AR1ブースターエンジン
  • BE-4エンジン開発での損失
  • メタンエンジン
  • ロケット打ち上げ業界の再編
  • National Security Space Launch（NSSL）プログラム
  • ロシアのRD-180メインエンジンへの依存
  • NSSLの現状

TABLES

• 1.) Aerojet Rocketdyne Financial Snapshot
• 2.) Aerojet Rocketdyne Income Statement ($ Million, EPS in $): 2016-2021
• 3.) Aerojet Rocketdyne Income Statement ($ Million, EPS in $): First Quarter 2020 vs. 1 Quarter 2019
• 4.) Aerojet Rocketdyne Balance Sheet ($ Million): 2016-2019
• 5.) Aerojet Rocketdyne Free Cash Flow ($ Million): 2016-2019
• 6.) Aerojet Rocketdyne Backlog ($ Billion): 2015-2019
• 7.) Aerojet Rocketdyne Stock Performance: 2019-2020
• 8.) Aerojet Rocketdyne Company Valuation $ Million (Year-end, except as noted): 2015-2020
• 9.) Aerojet Rocketdyne Institutional and Mutual Fund Ownership: December 31, 2019
• 10.) Aerojet Rocketdyne Revenues by Government Organization (% Sales): 2019
• 11.) Aerojet Rocketdyne Sales by Largest Customers (%): 2017-2019
• 12.) Primary Participants in the Rocket Propulsion Market
• 13.) Solid Rocket Motor Single Source Supplier Risks
• 14.) Aerojet Rocketdyne Revenue by Program ($ Million) and Growth Rate (%): 2017-2021
• 15.) Aerojet Rocketdyne Revenue by Largest Programs ($ Million) and Growth Rate (%): 2017-2021
• 16.) Aerojet Rocketdyne Engines in Production: 2020

FIGURES

• 1.) Illustration of a Solid Rocket Motor
• 2.) U.S. Solid Rocket Motor Supply Chain
• 3.) Solid Rocket Motor Manufacturers Consolidation Since 1995
• 4.) RS-25 Components and Cost Reduction Objectives
• 5.) RS-25 Evolution Baselines from Heritage to Restart
• 6.) Spacecraft Power Requirements (kW): 2000-2030
• 7.) AEPS ETU Thruster Firing at JPL
• 8.) Gateway Power and Propulsion Element
• 9.) Aerojet Rocketdyne AR1 Engines
• 10.) Blue Origin's BE-4 Engines
• 11.) NSSL Contract Obligations by Company ($ Million): 2012-2019

Aerojet Rocketdyne is the premier, private sector manufacturer of rocket propulsion systems in the world. They have been building rocket propulsion systems for more than 60 years. The company helped Apollo 11 transport the first astronauts to the moon's surface and safely back home in 1969 and took part in every Space Shuttle mission flown, among many other milestones. To date, Aerojet Rocketdyne has helped power more than 1,600 rocket launches.

This research note is an in-depth look at Aerojet Rocketdyne. Topics covered include Aerojet Rocketdyne's financial performance, products, customers, competition, and programs including the RS-25 engine, Standard Missile/Aegis, THAAD, PAC-3, GBSD, and emerging technologies like hypersonic weapons, the AR1 Engine, nuclear propulsion and solar electric propulsion. The National Security Space Launch program and Russian RD-180 engine are also discussed.

Table of Contents

• Introduction

• Executive Summary

• AEROJET ROCKETDYNE HOLDINGS INC.
  • Company Overview
  • Segments
  • Financial Snapshot
  • Income Statement
  • Covid-19 Impact
  • Balance Sheet
  • Free Cash Flow
  • Backlog
  • Financial Performance
  • Ownership
  • Customers
  • Largest Customers
  • Competition
  • Solid Rocket Motors Suppliers
  • Products
  • Programs
  • Largest Programs
  • RS-25 Engine
  • Standard Missile/Aegis Ballistic Missile Defense System
  • Terminal High Altitude Area Defense
  • PAC-3
  • Ground Based Strategic Deterrent
  • Hypersonic Weapons
  • Emerging Technologies
  • Nuclear Thermal Propulsion
  • Solar Electric Propulsion
  • AR1 Booster Engine
  • Loss to BE-4
  • Methane Engines
  • Launch Industry Shakeup
  • National Security Space Launch Program
  • Reliance on the Russian RD-180 Main Engine
  • NSSL Today