A propellant is disclosed, comprising, as binder, an ethylene copolymer especially ethylene/vinyl acetate copolymer. The binder may be silane-grafted and moisture curable. A solid propellant composition may contain a plasticizer that is solid or semi-solid at 20° C., and an additive to increase one or more of elongation, adhesion and tack. Examples of the solid or semi-solid plasticizer are selected from microcrystalline wax, macrocrystalline wax, an oxidized hydrocarbon polyolefin and a polyketone wax. Examples of the additive are selected from an aliphatic hydrocarbon, an aromatic, a hydrogenated hydrocarbon resin and a derivative of a rosin. Preferably, the binder composition contains 10-30% by weight of liquid plasticizer, 0-30% by weight of solid or semi-solid plasticizer and 20-40% by weight of at least one said additive. The propellant is particularly useful as a rocket propellant. A method of manufacture is disclosed.