Businesses reposition amid growing demand for solid rocket motors

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After acquiring Aerojet Rocketdyne in July 2024, L3Harris became a significant player in the missile and rocket propulsion market. Ross Niebergall, the new division chief, has been working to streamline production processes and address supply chain bottlenecks, particularly for critical weapons like the Javelin and Guided Multiple Launch Rocket System. The acquisition positions L3Harris to meet the rising global demand for rocket motors, driven by conflicts in regions like Ukraine and the Pacific. Other companies, such as Anduril Industries and X-Bow Systems, are also expanding into the rocket propulsion market, highlighting growing competition and innovation. Analysts predict the market will continue to grow, potentially reaching $85 to $93 billion by the end of the decade.

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