.
                                                                               .
                                                                               .
                                                                      EXHIBIT 21


                         SUBSIDIARIES OF THE REGISTRANT



                                    JURISDICTION OF INCORPORATION       PERCENT
SUBSIDIARIES OF THE REGISTRANT             OR ORGANIZATION             OWNERSHIP
- ------------------------------      -----------------------------      ---------
                                                                 
American Azide Corporation                     Nevada                    100%

American Pacific Corporation                   Nevada                    100%

AMPAC Farms, Inc.                              Nevada                    100%

AMPAC-ISP Corp.                               Delaware                   100%

Energetic Additives Inc., LLC                  Nevada                    100%