Aerojet Rocketdyne has officially opened its Center of Excellence for Undersea Propulsion to support the U.S. Navy’s next generation torpedoes. The first of its kind in the nation for industry, the facility will be used to produce the innovative undersea propulsion known as Stored Chemical Energy Propulsion System (SCEPS) and the entire torpedo afterbody.
Dow Falls Over 100 Points; Phillips 66 Posts Upbeat Results
U.S. stocks were lower this morning, with the Dow Jones falling over 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.40% to 35,489.70 while the NASDAQ fell 1.40% to 14,084.03. The S&P 500, also fell, dropping, 0.85% to 4,537.84.
