2024-08-05T07:29:38-07:00 2023-09-30 990 2022-10-01 952102389 The Aerospace Corporation AERO 3103365000 PO Box 92957 Los Angeles CA 90009 E M Swallow Senior VP COO 2024-08-05 true 2022 2024-08-08 14:25:15Z E M Swallow 14745 Lee Road Chantilly VA 20151 1301016000 false X www.aero.org X 1960 CA Our purpose is to assist the government and other customers in conception, design, acquisition and operations of space and other complex systems. Mission: Working to improve effectiveness for space operations and end-user communities, contributing to acquisition success and to 100% mission success. 16 15 5317 0 64993 17780 1196766495 1297390850 548749 1513107 -5053237 2094263 1192327000 1301016000 898650 917303 0 914614447 999844130 0 0 246884903 265016567 1162398000 1265778000 29929000 35238000 881530000 1043087000 664484450 687916765 217045550 355170235 Our purpose is to assist the government and other customers in conception, design, acquisition and operations of space and other complex systems. Mission: Working to improve effectiveness for space operations and end-user communities, contributing to acquisition success and to 100% mission success. false false 1010043546 583414 1096556335 The corporation's primary customer is the Space Systems Command(SSC) which is under the Space Force. The corporation fulfills the functions of an architect-engineer for space systems. It assists with engineering tasks required to develop space systems, from initial concept and design to deployment and operation. Progress is monitored, alternatives and tests are analyzed, and problems are resolved in cooperation with industrial contractors and government laboratories.Aerospace laboratory research is directed toward advancements in military space systems, engineering feasibility studies of new system concepts, anomaly resolution, and analyses and forecast of domestic and foreign technologies. In fulfilling this architect-engineer role, Aerospace strives to minimize system development and operational risks, which in turn protects acquisition schedules and aids in cost containment. 184989818 106852 200834665 Aerospace Civil Systems Group supports customers in three primary areas: NASA programs, NOAA (National Oceanic and Atmospheric Administration) programs and commercial, international and Homeland Security programs. The Civil Systems Group work enhances our mission assurance capabilities for our national security space customer, SSC. 1195033364 true false false true false false true false false true true false false true true false true false false false false false false false false false false true true true false false false false false false false false false false false false false true true false false false true 349 0 true 5317 true false true OC false false false false false 0 false false false false false true false X 16 15 false false false false false false false true true false false true true true true true true true true false X Edward M Swallow 3103365000 14745 Lee Road Chantilly VA 20151 S J Isakowitz President & CEO 40.00 0.00 X X 1789274 0 280588 E M Swallow Vice President 40.00 0.00 X 901689 0 128557 W H Goodman Vice President 40.00 0.00 X 883526 0 21839 J Morin Vice President 40.00 0.00 X 671416 0 147587 R L Kendall Vice President 40.00 0.00 X 766456 0 40885 T Pemberton Vice President 40.00 0.00 X 656028 0 117185 H R Laychak Vice President 40.00 0.00 X 504255 0 147989 M Whelan Vice President 40.00 0.00 X 528531 0 113929 P B CAMERON Gen Mgr 40.00 0.00 552788 0 52673 K D Bell Vice President 40.00 0.00 X 539675 0 58669 J G Santee Vice President 40.00 0.00 X 483319 0 112874 A D FALK Prin Dir 40.00 0.00 507479 0 48549 T M Nygren Vice President 40.00 0.00 X 512610 0 42755 J M Myers Vice President 40.00 0.00 X 425381 0 112637 J S FUJITA Gen Mgr 40.00 0.00 561001 0 -41156 T L Choy Vice President 40.00 0.00 X 504339 0 11757 D Radzanowski Vice President 40.00 0.00 X 510000 0 0 D Emmons Vice President 40.00 0.00 X 403022 0 66752 M H CRAIG Gen Mgr 40.00 0.00 351069 0 74366 A LUEJE Gen Mgr 40.00 0.00 387755 0 29614 M R Clinton Vice President 40.00 0.00 X 310460 0 64310 S K Steele Exec Dir 40.00 0.00 304539 0 36149 DW Miller Vice President 40.00 0.00 X 242768 0 86656 R Boston Deputy CFO 40.00 0.00 270985 0 33903 D A Reynard Gen Mgr 40.00 0.00 288074 0 -1408 G E McKeown Vice President 40.00 0.00 X 154429 0 8841 S O'Sullivan Trustee 2.00 0.00 X 98000 0 0 PJ Selva Trustee 2.00 0.00 X 68000 0 0 C A Blanchard Trustee 2.00 0.00 X 49000 0 0 D W Thompson Trustee 2.00 0.00 X 47000 0 0 J D Grant Trustee 2.00 0.00 X 45000 0 0 D L Norquist Trustee 2.00 0.00 X 44000 0 0 S J Helms Trustee 2.00 0.00 X 43500 0 0 D J Newman Trustee 2.00 0.00 X 43000 0 0 D E Hastings Trustee 2.00 0.00 X 41000 0 0 P J Zarodkiewicz Trustee 2.00 0.00 X 41000 0 0 R A Rothrock Trustee 2.00 0.00 X 40000 0 0 J F Bridenstine Trustee 2.00 0.00 X 38000 0 0 CD Haney Trustee 2.00 0.00 X 38000 0 0 S Preston Trustee 2.00 0.00 X 29500 0 0 V R Stewart Trustee 2.00 0.00 X 28000 0 0 W LaPlante Trustee 2.00 0.00 X 7500 0 0 A Amin Trustee 0.00 0.00 X 0 0 0 RG Walden Trustee 0.00 0.00 X 0 0 0 14711368 1796500 3562 false true false Digital Intelligence Systems LLC PO Box 203678 Dallas TX 753203678 Computer & Software 16920239 CISCO System Inc PO Box 743253 Los Angeles CA 900743253 Hardware Support 4354252 Andrews Intl Government Services Inc PO Box 828854 Philadelphia PA 191828854 Security Services 4008063 Chipton-Ross 420 Culver Blvd Playa Del Rey CA 90293 Contract Labor 2965769 Omniplex World Services Corp 13530 Dulles Technology Dr Herndon VA 20171 Security Services 4361669 111 17780 17780 Contract income 541700 1297390850 1297390850 1297390850 1513107 1513107 0 79690 79690 0 0 0 0 0 Other Income/Losses 541700 2573 2573 Unrealized Gain/(Loss) 541700 2012000 2012000 2014573 1301016000 1300998220 429537 429537 487766 487766 0 0 12127546 5453180 6674366 0 783791568 751652998 32138570 91741890 83568308 8173582 60593761 58337478 2256283 51589365 49572606 2016759 0 1997146 638820 1358326 1104896 353419 751477 71928 71928 0 561637 179649 381988 1805026 577367 1227659 400145 401763 -1618 22262863 21813196 449667 58849701 57195846 1653855 17750 17750 42071235 41311413 759822 26919766 25689205 1230561 0 3835811 3467437 368374 7395553 6935783 459770 0 50684687 48917990 1766697 2180400 67103 2113297 Consultant fees 20085023 15154118 4930905 All other expenses 12788040 12065402 722638 Guard service 8369732 7879731 490001 Purchased labor 3615228 2865499 749729 0 1265778000 1195033364 70744636 0 0 92633048 83901802 0 79935044 93148848 0 0 0 0 25403519 27693925 1353166134 740005160 602161485 613160974 0 0 0 0 81396904 225181451 881530000 1043087000 147167902 139852876 144691143 147070686 372625405 400993203 664484450 687916765 X 217045550 355170235 217045550 355170235 881530000 1043087000 X 35238000 102886685 X false true X true true true X 1108861 1153094 1162822 1196766 1297391 5918934 0 0 1108861 1153094 1162822 1196766 1297391 5918934 0 5918934 2733 2735 3224 -4439 3625 7878 0 0 5926812 0.99870 0.99900 X Support Schedule: Additional Supplemental Information Information on Schedule A, Part II is in thousands of dollar. false false 71928 71928 1265706072 1265778000 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 64907 64920 61886 71928 263641 250000 250000 250000 250000 1000000 1500000 X X 1 22 1 true false 752874 17780 20118 63532 727240 749782 64993 3099 65000 752874 704031 100209 546 55000 4 749782 588287 126020 4730 15000 6 704031 597482 26149 4656 40000 588287 1.00000 false false false 55343024 55343024 510599537 196681784 313917753 66913435 50195151 16718284 497884595 378992442 118892153 222425543 114135783 108289760 613160974 457(b) Plan - Current 10245038 Accrued Postretirement Benefit - RMP 76837000 Aero STEM Endowment 727240 Constr Funds- MM Acct 4270312 Financial Statements Rounding Adjustment 165 Investments Held in Trust Account 20090346 Long Term Prepaid Exp 13177309 Prepaid Land Infrastructure 756883 Restricted Cash - Loan Proceeds 1238604 Right-of-Use Assets 97838554 225181451 Accrued Pension Cost 267324000 Accrued Rent Liabilities 97482000 Corporate Officers Retirement 20706000 Def CORP Current 5236000 Def Corp Ret-457(b) Plan 302458 Def Corp Ret-457(b) Plan Noncurrent 9942580 Financial Statements Rounding Adjustment 165 400993203 1301016000 1301016000 1301016000 1265778000 1265778000 1265778000 Part II, Line 9: Organization Reporting of conservation easements. The Company was required by Fairfax County, VA to maintain the stream restoration area part of the conservation easement and has a 10 year maintenance contract in place. Annual maintenance began in 2010 with an estimated annual cost of $10,000. The forest area will be monitored at least annually.The conservation easement is on land developed in Chantilly, Virginia for use as a Corporate owned facility to replace leased facilities in the local area. In connection with development of the land, stream restoration and drainage control was constructed to meet national building and local codes. In addition 21.87 acres of forest has been set aside and not available for future development. Currently the audited Financial Statements reflect the land cost and development cost to date in the Balance Sheet. The revenue and expense statement includes approximately $10,000 of cost related to the conservation easement. Completion of the site with the initial building occupancy was in August 2014. Part V, Line 4: Intended uses of the endowment fund. STEM Endowment Fund - On September 11, 2015 the Board of Trustees approved establishment of a STEM endowment fund for the purpose of supporting and promoting science, technology, engineering and math (STEM)education. The Board of Trustees, authorized the transfer of $500,000 to the fund. It is anticipated that contributions to the Fund will be obtained from employees, retirees, and other sources, and such contributions and earnings thereon are restricted for STEM programs. While the fund is restricted to the support of STEM, is not guaranteed to continue indefinitely and may be suspended or terminated at any point in the future if warranted by business conditions at the Board of Trustees sole election. true American Astronautical Societ 6352 Rolling Mill Pl Ste 102 Springfield VA 22152 8550 0 American Institute of Aeronau 12700 Sunrise Valley Dr 200 Reston VA 20191 32074 0 Armed Forces Communications 4400 Fair Lakes Court Fairfax VA 22033 25000 0 Constitutional Rights Foundat 601 S Kingsley Drive Los Angeles CA 90005 20000 0 El Segundo Board of Governors 2041 Rosecrans Ave Suite 200 El Segundo CA 90245 14338 0 National Defense Industrial 2101 Wilson Blvd Suite 700 Arlington VA 22201 12075 0 Smithsonian Institution 1000 Jefferson Drive SW Washinton DC 20560 115000 0 The National GEM Consortium 1430 Duke Street Alexandria VA 22314 202500 0 7 1 Corporate Study & Assignments 56 487766 Additional Supplemental Information Senior leaders represent the Company as Board Members, Committee Chairs , and as Advisory Council Members to the non-profit organizations listed in Part II. The amounts granted are for sponsorship of the organizations mission events. The corporation maintains a corporate study assistance program and awards fellowships to qualified individuals who will contribute to the technical and business expertise of the corporation. Fellowships are normally awarded to regular full or part-time employees currently in good standing who have a minimum of two years employment with the corporation.The Aerospace University administers the Corporate Study Assistance Program. The number of fellowship awards each year depends on the availability of resources and the merit of the applications received.The Aerospace University advises management and employees on program guidelines, enrolls qualified candidates in the program, authorizes payments to universities and part-time fellows, and monitors compliance with this practice.A fellow in the Corporate Study Assistance Program:Submits appropriate receipts for actual incurred expenses, such as tuition, books, and mandatory fees to The Aerospace University for payment.Submits an official transcript to The Aerospace University within 60 days of the completion of each academic term.Reimburses the corporation for applicable tuition and textbook costs if the participant drops a course, receives a B-minus or less in any course, or receives less than satisfactory for dissertation research.Full-Time students receiving a stipend:Expend 20 or 24 hours of effort per workweek during the academic year and up to 40 hours during school recess and vacation periods. Pay is based on the employee's scheduled workweek. Annual reviews reflect both work and academic performance. X X X true true X X X X X true true false false false false false false false A D FALK Prin Dir 175811 6000 325668 16455 32094 556028 A LUEJE Gen Mgr 258991 77124 51640 24400 5214 417369 D A Reynard Gen Mgr 251995 31900 4179 -7757 6349 286666 D Emmons Vice President 302800 59359 40863 39997 26755 469774 D Radzanowski Vice President 510000 510000 DW Miller Vice President 15321 201700 25747 84924 1732 329424 E M Swallow Vice President 342427 176303 382959 117361 11196 1030246 315538 G E McKeown Vice President 85986 50000 18443 8185 656 163270 H R Laychak Vice President 322935 146187 35133 113047 34942 652244 J G Santee Vice President 346106 123953 13260 112033 841 596193 J M Myers Vice President 321378 63782 40221 79785 32852 538018 J Morin Vice President 333966 155787 181663 115763 31824 819003 144522 J S FUJITA Gen Mgr 256733 18082 286186 -81384 40228 519845 K D Bell Vice President 318940 157675 63060 31722 26947 598344 M H CRAIG Gen Mgr 262812 58547 29710 36600 37766 425435 M R Clinton Vice President 80186 126500 103774 80186 -15876 374770 M Whelan Vice President 315488 149397 63646 112105 1824 642460 P B CAMERON Gen Mgr 231091 20800 300897 21842 30831 605461 R Boston Deputy CFO 201512 27300 42173 21610 12293 304888 R L Kendall Vice President 322130 131424 312902 971 39914 807341 269200 S J Isakowitz President & CEO 705080 685697 398497 274329 6259 2069862 323432 S K Steele Exec Dir 229485 39776 35278 6610 29539 340688 T L Choy Vice President 304258 141929 58152 7552 4205 516096 T M Nygren Vice President 326931 146215 39464 5311 37444 555365 T Pemberton Vice President 371158 156705 128165 114323 2862 773213 116268 W H Goodman Vice President 437743 289937 155846 -3480 25319 905365 116028 Part I, Line 1a: Relevant information in regards to selections on 1a. No first class travel ticket was purchased during the year.Travel is authorized on an exception basis for the spouse of officers at various times during the year to attend corporate events. All spouse travel is included in income.Tax indemnification and gross-up payments are provided to all employees that have relocation expenses to cover the taxable portion of the relocation. Relocation gross-up and relocation expenses are included in income on Schedule J, Part II, column (Biii). D Kamimoto Employee 207839 Compensation false C A Thompson Employee 143165 Compensation false E E Slattery Employee 48329 Compensation false S P Whelan Employee 72588 Compensation false Nat'l Def Ind Assoc Domestic Org. 12075 Sponsorship false Schedule L, Part V Supplemental Information Part IV Line 1 - D. Kamimoto is a family member of T.L. Choy (Vice President).Part IV Line 2 - C.A. Thompson is a family member of D.W. Thompson (Trustee).Part IV Line 3 - E.E. Slattery is a family member of J.D. Grant (Trustee).Part IV Line 4 - S.P. Whelan is a family member of M. Whelan ( Vice President)Part IV Line 5 - National Defense Industrial Association (NDIA) is a domestic organization that was paid a sponsorship of $12,075. The CEO of NDIA is D.L. Norguist (Trustee). Form 990, Part VI, Section B, Line 11b The Form 990 and all related schedules are completed by Aerospace's finance department and are reviewed in detail by the Senior Vice President, Chief Operating Officer, Chief Financial Officer, and Treasurer (CFO) who signs the Form 990. Prior to filing the Form 990, the CFO reviews in detail the completed Form 990 with the Senior Vice President, General Counsel, Executive Vice President, and the President and Chief Executive Officer (CEO) of the Corporation. After the review with the President and CEO, the CFO reviews the Form 990 in detail with the Chair of the Audit Committee of the Board. The Chair of the Audit Committee reports on his review of the Form 990 to the Audit Committee and Board of Trustees. Copies of the Form 990 are provided to all members of the Board of Trustees prior to filing. Form 990, Part VI, Section B, Line 12c The corporation complies with the Department of Defense (DoD) Mandatory Disclosure Rules, including required disclosures to the DoD Inspector General, for (1) violations of federal criminal laws relating to fraud, conflicts of interest, bribery, and gratuities; (2) violations of the False Claims Act; and (3) misconduct in connection with the award, performance, or close out of government contracts.Employees must certify that they have read, understand, and will comply with the corporate practice as a condition of employment by signing a Certification of Compliance annually.Employees also certify to the corporation that he/she has no holdings or relationships that might constitute or appear to constitute a conflict of interest by responding to an on-line Conflict of Interest Certification. Employees must list the business and financial interest and relationships for those organizations identified on the corporation's Conflict of Interest Listing. Such certification is required annually or whenever a change in the individual's business or financial interest or relationships makes it appropriate.Employees may not retain any holdings in any organization with which he/she works on a day-to-day basis.The Office of the General Counsel issues, periodically, a list of organizations that includes principal associate contractors of the Air Force Space Systems Command and other U.S. Government organizations that interface with the company on a regular basis. This list is not all-inclusive, but helps to identify areas of possible conflict of interest.The Office of the General Counsel reviews all disclosure forms and advises management on any conflicts of interest.Management, after a disclosure review, decides either that some action must be taken or that no conflict exists and no further action is required. Management may determine that certain actions are required, such as a change in work assignment, divestiture in a conflicting interest, or the establishment of a "blind trust." Management's decisions in those matters are final.Certifications, disclosures, and subsequent decisions are made available to audit agencies and duly authorized persons on a need-to-know basis as approved by management. Form 990, Part VI, Section B, Line 15b The Aerospace Corporation plays a critical role in assuring mission success for National Security Space programs, which are a $50 billion enterprise on an annual basis. Aerospace's senior executives are highly experienced leaders in their technical fields with enormous accountability in performing this vital mission assurance role. Their compensation is reviewed and approved annually by the corporation's Board of Trustees, whose members include leaders with experience in government, the military, and private industry.The Compensation and Personnel Committee (the "Committee") of the Board of Trustees (the "Board") discharges the Board's responsibilities relating to compensation of the President and CEO, and other executive officers, including approving, individually, the compensation of each such officer.The Committee reviews and recommends to the Board compensation plans, pension and benefit programs for employees generally; and to review all modifications to such plans other than such modifications specifically delegated by the Board to management from time to time.The Board of Trustees has established an annual bonus and incentive compensation plan for corporate officers, general managers, and principal directors based on corporate and individual goals established at the beginning of each fiscal year. At the end of each fiscal year, the Committee reviews corporate and individual performance and recommends to the Board the amount of bonus and incentive compensation, if any, to be paid for the prior year's performance. Bonus payments must be approved by the Board. These amounts are included in Bonus & incentive compensation on Schedule J, Part II, column (B)(ii).The Committee reviews the Board of Trustees compensation.The Committee meets not less frequently than twice each year to coincide with the annual and semiannual meetings of the Board and at other times to coincide with regular meetings of the board.The Committee may request that members of management or outside consultants and advisors of the Committee be present to assist the Committee in performing its duties.A written report of the actions taken at each meeting will be kept filed with the proceedings of the meetings of the full Board.The Committee process above was last undertaken for Fiscal Year 2023. Form 990, Part VI, Section C, Line 19 The Form 990 governing documents, conflict of interest policy and audited financial statements are available upon request to the CFO, Vice President and Treasurer. Requests can be in person at any of our operating offices, by mail, facsimile or electronic mail. The documents are available for inspection at our corporate office at 2310 E El Segundo Blvd in El Segundo, California. Copies will be made upon request or electronic media will be provided at no cost to the requestor for the last three years. Form 990, Part XI, Line 9 Adoption of New Lease Accounting Standard = -$2699000 Form 990, Part XI, Line 9 Charge to Corporate Equity = $XXX-XX-XXXX Form 990, Part XI, Line 9 Financial Statements Rounding Adjustment = $685 Form 990, Part VI, Line 12b Trustees, officers and key employees are required to annually disclose interests that could give rise to conflicts of interest.The office of General Counsel sends a questionaire to all trustees and reviews all disclosure forms and advises management on any conflicts of interest.The CFO sends out questionaires to all officers and key employees. The CFO reviews all disclosure forms and advises senior management of any conflict that should be reported on Form 990.Officers and key employees also participate in the monitoring noted under 12c. Form 990, Part VI, Sec A, Line 1a/b The President and CEO of the Corporation is a member of the Board of Trustees, ex officio, with full voting power during his term of office as President and CEO. The President and CEO is not independent as he is compensated as an officer. The President and CEO excuse himself from votes which may result in a conflict of interest. Form 990, Part XI, Line 9 Accumulated change to Corporate Equity increased by $102,886,685 due to $105,585,685 increase in the interest rate used to value the liabilities of the Company's retirement plans and return on Assets, and -$2,699,000 decrease in adoption of new lease accounting standard. Form 990, Schedule A, Section A & B Amounts used are rounded to the nearest thousand as the software does not support the full amount. The Aerospace Corporation UK Limited 2 New Bailey 6 Stanley Street Salford Greater Mancheste UK M3 5GS 271205533 Consultant Services UK The Aerospace Corp C CORP -422287 1985525 1.00000 true false false false true false false false false false false false false false false false false false false false The Aerospace Corporation UK Limited d 2506306 Accrual Method Schedule R, Part IV, 1. The Aerospace Corporation UK Limited (previously VAEROS Limited) is a wholly-owned subsidiary of The Aerospace Corporation and organized as a UK limited company on July 9, 2015, Company Number 9678041. During 2015, 2016, 2017, 2018, 2019 and 2020 The Aerospace Corporation UK Limited had no business, and no employees, and was effectively dormant, and not active.The Aerospace Corporation UK Limited started business activities in March 2021.