The binder of hydroxyl terminated polybutadiene (HTPB) cured by toluene diisocyanate (TDI) is usually used in solid propellants, in which the crucial issue involved in the storage and use is aging problem. The quantum chemistry calculation was used to analyze the relationship between homolytic bond dissociation energy (BDE) of two HTPB-TDI binder models and bond decomposition caused by aging. The computational results were proved to be reliable and suitable for comparative analysis. The BDE values of C-O bonds connected with CH 2 group were calculated to be minima, suggesting that they are the weakest bonds resulting in decomposition during thermal aging. The main degradation product is CO 2 . In the binder formed by the reaction of allylic primary hydroxyl of HTPB and TDI, the α-C-H is the weakest X-H (X=C, N) bond, suggesting that it is vulnerable to free radical attack accompanying the hydrogen transfer. The possible mechanism of aging for the easy-cleavage C-O bonds was proposed. The calculated activation energies of C-O bonds cleavage are approximately equal to the corresponding BDE values, indicating that the forma-