After a period of declining revenue attributable primarily to the 2011 retirement of NASA's space shuttle fleet, rocket and space propulsion provider Pratt & Whitney Rocketdyne (PWR) expects its business to level off or even increase modestly in the next five years. PWR Presidentjim Maser said the company has cut its staff by 40 percent, to about 2,000 employees, and is reducing its factory space by 50 percent, a process expected to be completed by the end of the year. Meanwhile, the Canoga Park, Calif.-based company has begun ordering long-lead components for a large batch of rockets to be ordered by the U.S. Air Force, has a number of development projects under way for NASA, and builds a key component of a missile defense system that is expected to generate significant sales in the years ahead, he said.
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