Aerojet Rocketdyne：財務アップデート、顧客、 競合、製品、プログラム、国家安全保障宇宙打ち上げ（Space Letter International 第2巻）

Aerojet Rocketdyneは、世界でも有数のロケット推進システムの民間メーカーです。同社は60年以上にわたってロケット推進システムを製造しており、冷戦時代の始まり以来、事実上すべての米国の宇宙およびミサイルプログラムに参加してきました。同社の製品に共通しているのは、民間または商業用の顧客に販売されている場合でも、国家安全保障にとって重要であるということです。

当レポート、Space Letter International 第2巻は、2020年第2四半期までのAerojet Rocketdyneの財務実績、顧客、競合、製品、プログラムの概要などの情報を提供しています。

目次

イントロダクション

• 調査手法と情報源
• 統計ノート

エグゼクティブサマリー

Aerojet Rocketdyne Holdings、Inc.

• 企業概要
• セグメント
• 航空宇宙および防衛
• 株式のスナップショット
• 投資の要点
• 2020年第2四半期の財務概要
• 2020年前半と2019年前半
• バックログ
• COVID-19
• 損益計算書
• バランスシート
• キャッシュフロー
• 資本金
• 株式実績
• 株価見通し
• 顧客
• 主要顧客
• 競合
• 製品
• プログラム
• 最大のプログラム
• ロケットエンジン
• 国家安全保障宇宙打ち上げ

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 and have participated in virtually every major U.S. space and missile program since the beginning of the Cold War. What virtually all of the company's products have in common, even when they are sold to civil or commercial customers, is that they are critical to national security.

This volume of Space Letter International provides an update on Aerojet Rocketdyne's financial performance through the second quarter of 2020 and an overview of the company's customers, competition, products and programs including National Security Space launches.

Volume 2 will be of interest to chief investment officers, hedge funds, private equity firms, bankers, consultants and companies involved in defense and military space technologies, commercial space-related markets, rocket propulsion systems, government space agencies, and NGOs.

For more details on one of Aerojet Rocketdyne's major end-use markets, antiballistic missile (ABM) systems, see Space Letter International Volume 3.

Most Americans do not realize our Homeland could be attacked by Chinese and Russian Intercontinental Ballistic Missiles, equipped with nuclear weapons, through a first-strike attack, that could eventually kill 90 percent of the U.S. population. ABM systems using Aerojet Rocketdyne propulsion systems are the only defense the U.S. has against these existential types of attacks.

TABLE OF CONTENTS

INTRODUCTION

• Methodology and Sources
• Statistical Notes

EXECUTIVE SUMMARY

AEROJET ROCKETDYNE HOLDINGS INC.

• Company Overview
• Segments
• Aerospace and Defense
• Stock Snapshot
• Investment Takeaways
• Q2 2020 Financial Overview
• First Half 2020 vs. First Half of 2019
• Backlog
• COVID-19
• Income Statement
• Balance Sheet
• Cash Flows
• Capitalization
• Stock Performance
• Stock Price Outlook
• Customers
• Largest Customers
• Competition
• Products
• Programs
• Largest Programs
• Rocket Engines
• National Security Space Launches

Tables

• 1.) Aerojet Rocketdyne Stock Snapshot: August, 2020
• 2.) Aerojet Rocketdyne Financial Overview ($ Million, EPS in $): Three and Six Months Ended June 30, 2020 and 2019
• 3.) Aerojet Rocketdyne Income Statement ($ Million, EPS in $): First Quarter 2020 vs. 1 Quarter 2019
• 4.) Aerojet Rocketdyne Backlog ($ Billion): 2019-2020
• 5.) Aerojet Rocketdyne Income Statement ($ Million): 2018-2021
• 6.) Aerojet Rocketdyne Balance Sheet ($ Million): 2019-2020
• 7.) Aerojet Rocketdyne Cash Flows ($ Million): 2019-2020
• 8.) Aerojet Rocketdyne Capitalization ($ Million): August, 2020
• 9.) Aerojet Rocketdyne Capitalization ($ Million): 2015-2020
• 10.) Aerojet Rocketdyne Stock Performance: 2019-2020
• 11.) Aerojet Rocketdyne Earnings Per Share ($): 2018-2022
• 12.) Aerojet Rocketdyne Revenues by Government Organization (%): 2019
• 13.) Aerojet Rocketdyne Sales by Largest Customers (%): 2017-2019
• 14.) Primary Participants in the Rocket Propulsion Market: 2020
• 15.) Aerojet Rocketdyne Revenue by Program ($ Million) and Growth Rate (%): 2017-2021
• 16.) Aerojet Rocketdyne Revenue by Largest Programs ($ Million) and Growth Rate (%): 2017-2021
• 17.) Aerojet Rocketdyne Engines in Production: 2020

FIGURES

• 1.) Aerojet Rocketdyne Stock Chart: 2015-2020
• 2.) Vulcan Centaur and Aerojet Rocketdyne RL10 Engines Schematic