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 Q1 2024

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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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CNBC's Jim Cramer on Tuesday recommended defense stocks as the U.S. empties its arsenals to aid allies Israel and Ukraine.

Cramer says to invest in defense companies as the U.S. looks to rebuild weapons stockpile

U.S. Senator Elizabeth Warren, a Democrat who wants more mergers scrutinized, questioned Defense Secretary Lloyd Austin about the Pentagon's role in the approval in July of L3 Harris Technologies' purchase of Aerojet Rocketdyne at a time when the number of defense contractors is at a historic low.

US Senator Warren presses Pentagon on L3 Harris deal to buy Aerojet

The acquisition of Aerojet Rocketdyne by L3Harris Technologies has been finalized. Opposition to the merger by Sen. Elizabeth Warren was driven by anti-consolidation and anti-corporate sentiment, rather than fact-driven concerns about competition. Investors should consider the remaining upside of a stock set to be bought against the time remaining for the transaction to close and the opportunities offered by the market.

The Aerojet Rocketdyne Lesson: Eyes On Facts And Opportunity

Florida-based L3Harris today announced that it has completed its acquisition of Aerojet Rocketdyne, two days after the Federal Trade Commission gave its OK for the deal.

Farewell, Rocket.com: L3Harris completes acquisition of Aerojet Rocketdyne

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NEW YORK , July 27, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) will replace Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 1. S&P 500 constituent L3Harris Technologies Inc. (NYSE:LHX) is acquiring Aerojet Rocketdyne in a deal that is expected to close on July 28, pending final conditions.

Madison Square Garden Sports Set to Join S&P SmallCap 600

Aerospace and defense company L3Harris Technologies on Wednesday said it was informed that the U.S. Federal Trade Commission would not block its $4.7 billion deal for Aerojet Rocketdyne.

L3Harris says deal for Aerojet gets go-ahead from U.S. regulator

U.S. Senator Elizabeth Warren, a Democrat and frequent merger critic, joined three other lawmakers on Tuesday to urge the Defense Department to thoroughly review defense contractor L3Harris Technologies' $4.7 billion deal for Aerojet Rocketdyne Holdings.

US Senator Warren, others warn against L3Harris plan to buy Aerojet

HUNTSVILLE, Ala., July 10, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has successfully developed and static-fire tested the Zeus 1, an advanced stage 1 Large Solid Rocket Motor (LSRM) for Kratos. The motor met or exceeded performance expectations.

Aerojet Rocketdyne Develops and Successfully Tests New Solid Rocket Motor for Kratos' Zeus Program

STENNIS SPACE CENTER, Miss., June 23, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne and NASA completed a certification test series yesterday for the new RS-25 production engines that will propel NASA's Space Launch System (SLS) exploration rocket for Artemis missions, beginning with Artemis V. This test series ensures the new engines will perform with the same reliability and robustness of their predecessors.

Initial RS-25 Certification Campaign of 12 Hot-Fire Tests Complete

Aerojet Rocketdyne's (AJRD) advanced propulsion solution to assist Lockheed in developing Long Range Maneuverable Fires missiles.

Aerojet Rocketdyne (AJRD) to Help Lockheed in LRMF Creation

HUNTSVILLE, Ala., June 21, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne will develop an advanced propulsion solution for the Long Range Maneuverable Fires (LRMF) missile that Lockheed Martin is developing for the U.S. Army.

Aerojet Rocketdyne Teams with Lockheed Martin to Develop Long Range Maneuverable Fires Missile

HUNTSVILLE, Ala., June 20, 2023 (GLOBE NEWSWIRE) -- In early April 2023, Aerojet Rocketdyne was awarded a two-year contract by Lockheed Martin, valued at $23.8 million, to continue its role in providing propulsion units for the Javelin missile.

Aerojet Rocketdyne Awarded Multi-Year Contract to Power Additional Javelins

Northrop Grumman

Project Artemis to return America to the moon will cost taxpayers $93 billion through 2025. $6 billion in cost overruns on the price of SLS rocket engines are partly to blame for this "enormous" cost.

NASA Targets $6 Billion in Extra Costs on Moon Program

Lockheed Martin has raised concerns with the U.S. Defense Department and Federal Trade Commission about L3Harris's acquisition of Aerojet Rocketdyne , Lockheed's Chief Operating Officer Frank St. John said on Tuesday.

Lockheed says it has raised concerns over L3Harris-Aerojet deal

HUNTSVILLE, Ala., June 19, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has successfully completed the qualification static fire test of the eSR-19, the advanced large solid rocket motor that will power the Missile Defense Agency's (MDA) next generation Medium Range Ballistic Missile (MRBM) target used to test our nation's missile defense systems.

Aerojet Rocketdyne Successfully Hot Fires Large Solid Rocket Motor to Power Missile Defense Agency's Next Generation MRBM Target

Aerojet Rocketdyne needs a partner to remain competitive, and L3Harris is an ideal candidate.

Aerojet's Merger With L3Harris Is Crucial To Preserving Competition In Large Solid Rocket Motors

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Is Now the Time to Buy Space Flight Stocks?

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.

News for Aerojet Rocketdyne Holdings Stock (AJRD)