A variable geometry convergent-divergent nozzle for a gas turbine engine includes a centerbody extending rearward along a longitudinal axis of the engine which has a throat section of increased diameter. An inner shroud surrounds the centerbody and cooperates with the centerbody to define the throat of the nozzle. An outer shroud surrounds the inner shroud and cooperates with the centerbody to define the exit area of the nozzle. Both shrouds are independently translatable to provide independent control of the nozzle throat area and the nozzle expansion ratio.