How Aerojet Rocketdyne Manages To Play An Outsized Role In The U.S. Defense Supply Chain (From Forbes)

U.S. policymakers in recent years have become increasingly concerned about the fragility of the defense supply chain. Critical suppliers can become choke-points in the production process if their operations are impaired and no alternate source exists. A case in point is Aerojet Rocketdyne, one of only two major domestic sources of space and missile propulsion following a wave of sector consolidations. AJRD, to use its stock symbol, has a broader range of competencies in its selected field than any other company, and on many U.S. military systems it is the only source of essential production inputs. Aerojet thus exercises outsized influence over the defense industrial base, despite its relatively small size. I have written a commentary for Forbes here.