TUCSON, June 7 (UPI) -- Raytheon and Aerojet Rocketdyne have entered into a strategic sourcing agreement, in which Aerojet will act as a principal and long-term supplier of Raytheon's legacy portfolio of propulsion systems and energetics products for key weapons programs, the companies announced Tuesday.
The partnership will help achieve the objectives of the Pentagon's Better Buying Power 3.0 initiative, which emphasizes greater efficiency in acquisitions, Raytheon Missile Systems President Dr. Taylor W. Lawrence said in a statement.