Aerojet Rocketdyne Holdings

Aerojet Rocketdyne Holdings, Inc. engages in providing solutions in the field of aerospace and defense, as well as in the field of real estate. It operates through the following business segments: Aerospace & Defense, and Real Estate. The Aerospace & Defense segment operates through the Aerojet Rocketdyne, Inc. in developing and manufacturing of aerospace and defense products and systems for the United States government, the National Aeronautics and Space Administration, major aerospace and defense prime contractors as well as portions of the commercial sector. The Real Estate segment operates through Easton Development Company, LLC in re-zoning, entitlement, sale, and leasing of excess real estate assets. The company was founded by William O'Neil on September 29, 1915 and is headquartered in El Segundo, CA.

Earnings data Q2 2023

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Aerojet Rocketdyne Holdings, Inc. engages in provision of solutions in the field of aerospace and defense, as well as in the field of real estate. It operates through the following business segments: Aerospace and Defense, and Real Estate. The Aerospace and Defense segment operates through Aerojet Rocketdyne, Inc. in developing and manufacturing aerospace and defense products and systems for the United States government, the National Aeronautics and Space Administration, major aerospace and defense prime contractors as well as portions of the commercial sector. The Real Estate segment includes Easton Development Company, LLC in re-zoning, entitlement, sale, and leasing of excess real estate assets. The company was founded on September 29, 1915 and is headquartered in El Segundo, CA.

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EL SEGUNDO, Calif., May 31, 2023 (GLOBE NEWSWIRE) -- Eileen P. Drake, CEO and president of Aerojet Rocketdyne, Inc., will be honored as Director of the Year for Corporate Governance by the Forum for Corporate Directors, Orange County, on June 1, 2023, at a ceremony in Newport Beach, California.

Aerojet Rocketdyne CEO Eileen Drake Honored as Director of the Year

WEST PALM BEACH, Fla., May 25, 2023 (GLOBE NEWSWIRE) -- Two Florida attractions now have RL10 upper-stage rocket engines on display, thanks to Aerojet Rocketdyne: the new Gateway ™ : The Deep Space Launch Complex ® at NASA's Kennedy Space Center Visitor Complex on Merritt Island, and the Cox Science Center and Aquarium (CSCA) in West Palm Beach where the RL10 is produced.

Aerojet Rocketdyne Provides RL10 Upper-Stage Rocket Engine to Kennedy Space Center Visitor Complex and the Cox Science Center

LOS ANGELES, May 16, 2023 (GLOBE NEWSWIRE) -- Jim Maser, senior vice president of Aerojet Rocketdyne's Space Business Unit, was selected as a 2023 Honorary Fellow of the American Institute of Aeronautics and Astronautics (AIAA) and elected as a member of the National Academy of Engineering (NAE).

Aerojet Rocketdyne's Jim Maser Earns Top Honors

Aerojet Rocketdyne (AJRD) Q1 sales of $566.3 million rise 10.8% from the year-ago quarter's $511.1 million. The top line misses the Zacks Consensus Estimate by 4.8%.

Aerojet Rocketdyne (AJRD) Q1 Earnings Lag, Sales Rise Y/Y

Aerojet Rocketdyne Holdings (AJRD) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.44 per share a year ago.

Aerojet Rocketdyne Holdings (AJRD) Q1 Earnings Miss Estimates

EL SEGUNDO, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) (the “Company”) today reported results for the three months ended March 31, 2023.

Aerojet Rocketdyne Holdings, Inc. Reports 2023 First Quarter Results

JONESBOROUGH, Tenn., April 20, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne's specialty metal provider Aerojet Ordnance Tennessee (AOT) has been awarded a multi-year Indefinite Delivery Indefinite Quantity contract worth up to $75 million by the Army's Project Manager for Maneuver Ammunitions Systems to provide M829A4 120mm Kinetic Energy round components. The M829A4 is an Armor-Piercing, Fin-Stabilized, Discarding-Sabot, Tracer round fired from the U.S. Army's M1 Abrams Main Battle Tank.

Aerojet Rocketdyne to Provide Additional Armor-Piercing Components for M1 Abrams Main Battle Tank Rounds

Aerojet Rocketdyne says it's received a $67 million contract award from Lockheed Martin to provide propulsion systems for the Orion spacecraft that'll carry astronauts to the moon during three missions planned for the 2030s.

Aerojet Rocketdyne wins $67M contract for Orion thrusters built in Seattle area

REDMOND, Wash., April 19, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne recently received a $67 million contract award from Lockheed Martin to provide propulsion systems for the Orion spacecraft that are planned to launch on Artemis missions VI-VIII.

Aerojet Rocketdyne to Provide Propulsion for Three Additional Orion Spacecraft

LOS ANGELES, April 18, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne recently completed the four RS-25 engines that will power the core stage of NASA's super heavy-lift Space Launch System (SLS) rocket during the historic Artemis III mission. Slated for launch around the middle of the decade, Artemis III is a planned lunar landing mission that will return humans to the surface of the Moon for the first time in more than 50 years.

Aerojet Rocketdyne Delivers Propulsion for Artemis III Mission

AJRD signs a $215.6 million cooperative agreement with the Department of Defense to augment rocket propulsion manufacturing capacity.

AJRD Inks $215.6M Contract to Boost Manufacturing Capacity

HUNTSVILLE, Ala., April 14, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has entered into a $215.6 million Cooperative Agreement with the Defense Department to increase domestic rocket propulsion manufacturing capacity to meet increased warfighter demand for tactical missile systems used by the Department of Defense (DoD).

Aerojet Rocketdyne Awarded $215.6M to Supplement Ongoing Modernization Efforts and Increase Solid Rocket Motor Manufacturing Capacity

HUNTSVILLE, Ala., March 27, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has been awarded a new contract by Lockheed Martin to produce additional solid rocket motors and Divert and Attitude Control Systems (DACS) for the Terminal High Altitude Area Defense (THAAD) weapon system for the Missile Defense Agency. The contract includes interceptor propulsion for U.S. government lots 13/14 as well as Foreign Military Sales. THAAD is one of the nation's primary defenses against short, medium and intermediate-range missiles.

Aerojet Rocketdyne Selected by Lockheed Martin to Power Additional THAAD Interceptors

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HUNTSVILLE, Ala., March 23, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne continues to improve its processes to deliver advanced solid rocket motors to Lockheed Martin to power the Army's Guided Multiple Launch Rocket System (GMLRS).

Aerojet Rocketdyne Streamlines Process to Increase GMLRS Rocket Motor Production

I expect the deal to close, as it aligns with the US DoD objectives. The delay caused by the FTC's request for additional information should not have significant impacts.

Aerojet Rocketdyne: Expect The L3Harris Deal To Close

MELBOURNE, Fla.--(BUSINESS WIRE)--Today Aerojet Rocketdyne (NYSE: AJRD) shareholders overwhelmingly approved all necessary proposals to complete L3Harris Technologies' (NYSE: LHX) acquisition of the company.

L3Harris Statement on Aerojet Rocketdyne Shareholder Vote

EL SEGUNDO, Calif., March 16, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (or the “Company”) announced that at a special meeting held today, its stockholders voted to approve the Company's proposed acquisition by L3Harris Technologies (NYSE: LHX). 99.7% of votes cast were in favor of the transaction.

Aerojet Rocketdyne Stockholders Approve Proposed Acquisition by L3Harris

HUNTSVILLE, Ala., Feb. 27, 2023 (GLOBE NEWSWIRE) -- As company investments enable significant increases in production, Aerojet Rocketdyne has now delivered the 830,000th Attitude Control Motor (ACM) for Patriot missile system variants, including the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE).

Aerojet Rocketdyne Delivers 830,000th Attitude Control Motor for Patriot Missile as Investments Enable 40% Increase in Production

Aerojet Rocketdyne stock has around 3% upside left. I believe opposition to the merger with L3Harris Technologies is not justified or supported by the reality of the business strengths of the companies.

Aerojet Rocketdyne Stock: Time To Sell?

HUNTSVILLE, Ala., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has begun hiring for its third campus in the Huntsville, Alabama area, a massive 379,000 sq. ft. manufacturing facility the company announced last fall, enabling the company to increase manufacturing capacity for the nation's defense production needs.

Aerojet Rocketdyne Begins Hiring for its New State-of-the-Art Manufacturing Facility in Huntsville

HUNTSVILLE, Ala., Feb. 22, 2023 (GLOBE NEWSWIRE) -- In partnership with the Defense Advanced Research Projects Agency (DARPA), Air Force Research Laboratory (AFRL) and Lockheed Martin team, an advanced Aerojet Rocketdyne scramjet engine powered the recent flight (announced Jan. 30) of the Hypersonic Air-breathing Weapon Concept (HAWC). This is the second successful flight test for this team.

Aerojet Rocketdyne's Advanced Scramjet Engine Powers Hypersonic Vehicle Flight in Partnership with DARPA, AFRL, Lockheed Martin

Aerojet Rocketdyne (AJRD) delivered earnings and revenue surprises of -48.33% and 5.30%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Aerojet Rocketdyne Holdings (AJRD) Q4 Earnings Lag Estimates

Record fourth quarter and annual sales of $648 million and $2,238 million, respectively Record fourth quarter and annual sales of $648 million and $2,238 million, respectively

News for Aerojet Rocketdyne Holdings Stock (AJRD)